ALBERTA HOME BUYING
Closing Costs Guide
Closing Costs Guide Alberta
Understanding closing costs is essential for any Alberta home buyer. Unlike some provinces, Alberta has no land transfer tax — but there are still costs to budget for beyond your down payment.
A good rule of thumb: budget 1.5% – 4% of the purchase price for closing costs.
Common closing costs in Alberta
Legal fees
$1,000 – $2,500
Your lawyer handles title transfer, mortgage registration, and closing documents.
Home inspection
$300 – $600
Optional but recommended — identifies potential issues before you commit to the purchase.
Appraisal fee
$300 – $500
Required by most lenders to confirm the property's value. Sometimes covered by the lender.
Title insurance
$200 – $400
Protects against title defects, fraud, and survey issues. Required by most lenders.
Property tax adjustment
Varies
You may need to reimburse the seller for property taxes they've prepaid beyond the closing date.
Land title transfer fee
$50 – $200
Alberta charges a fee to register the property transfer and mortgage on title.
Mortgage default insurance
0.6% – 4.5% of mortgage
Required if your down payment is less than 20%. Can be added to your mortgage balance.
Moving costs
$500 – $2,000+
Often overlooked — budget for movers, utilities setup, and any immediate repairs or purchases.
Alberta advantage: No land transfer tax
Unlike Ontario, BC, and most other provinces, Alberta does not charge a land transfer tax. This can save buyers thousands of dollars — especially on higher-value properties.
This is one of the key reasons Alberta remains one of the most affordable provinces for home buyers in Canada.
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