Closing Costs in Alberta: What to Expect When Buying a Home

Alberta's Closing Cost Advantage

Alberta home buyers enjoy a significant advantage: no land transfer tax. This saves Calgary and Edmonton buyers thousands compared to Ontario or BC purchases of similar value.

What You Will Pay in Alberta

Legal Fees: $1,500-$2,500

Real estate lawyers handle:

• Title search and registration
• Mortgage registration
• Document preparation
• Trust account handling
• Closing adjustments

Title Insurance: $200-$400

Protects against title defects and is typically required by lenders.

Home Inspection: $400-$600

Optional but highly recommended, especially for older homes or properties with specific concerns.

Property Tax Adjustment

You reimburse the seller for prepaid taxes covering your ownership period.

Home Insurance: First Year

Many buyers prepay first year's premium. Budget $1,500-$3,000 depending on property.

Moving Costs: Variable

Professional movers in Calgary/Edmonton typically cost $500-$2,000+ depending on distance and volume.

Costs You May Face

Appraisal: $300-$500

Some lenders require, though many waive for standard purchases.

Estoppel Certificate: $100-$350

For condo purchases, confirms fees and special assessments.

Survey: $400-$1,000+

Sometimes required for older properties or unique situations.

Total Closing Cost Estimate

For a typical Alberta home purchase:

• Minimum estimate: $3,000-$4,000
• Comfortable budget: $5,000-$7,000
• With extras: $7,000-$10,000

This is significantly less than comparable purchases in land transfer tax provinces.

Alberta vs. Other Provinces

On a $500,000 purchase:

• Alberta closing costs: ~$5,000
• Ontario closing costs: ~$13,000+ (includes LTT)
• BC closing costs: ~$14,000+ (includes PTT)

Alberta buyers keep thousands more for furniture, renovations, or reserves.

Planning Your Closing Funds

Keep closing costs separate from your down payment. Budget conservatively and have funds liquid and accessible before your closing date.