Closing cost estimator
Alberta has no land transfer tax. Instead, Land Titles charges registration fees on the transfer and on the mortgage: $50 plus $5 for every $5,000 of value. Add legal fees, title insurance, an inspection and the usual adjustments, and closing comes to a few thousand dollars on top of the down payment. Enter your numbers, or your quotes, for an estimate.
Closing costs
What will closing day cost?
- Closing costs
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- Cash needed with down payment
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- Land Titles: transfer
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- Land Titles: mortgage
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- Share of the price
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- Default insurance (added to mortgage)
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An estimate for planning. Land Titles fees follow the Alberta Tariff of Fees in force since October 20, 2024 ($50 plus $5 per $5,000 or part of $5,000). Legal fees, title insurance and inspection costs vary; ask for quotes. Mortgage default insurance is added to the mortgage, not paid in cash, and Alberta charges no provincial sales tax on it. Lenders may charge appraisal fees. This is not legal or financial advice.
Buying a new build? Check the GST rebate calculator.
Other tools
- Mortgage calculatorMonthly or bi-weekly payment, default insurance and interest on a Canadian mortgage.
- Affordability and stress testThe price you could qualify for at the stress-test rate, from your income, debts and down payment.
- New-home GST rebateGST on a new home and what the new housing rebate and the first-time buyer rebate take off.
- Deposit and draw scheduleWhen your new-build deposits are due, what is left at possession, and how a draw mortgage releases funds.