Closing Cost Calculator

Alberta-specific closing costs for 2025

Great news: Alberta has NO land transfer tax - one of only two provinces without this costly fee. But there are still other closing costs to budget for. Here's your complete breakdown.

Alberta Advantage: No Land Transfer Tax

In Ontario, you'd pay approximately $13,000 in land transfer tax on this purchase. In BC, approximately $11,700. Alberta saves you thousands compared to other provinces!

Your Purchase Details

Closing Cost Breakdown

Legal Fees

Real estate lawyer services for title transfer, mortgage registration, and document preparation

$1,200 - $2,000

Shop around - prices vary significantly between firms

Title Insurance

Protects against title defects, fraud, and survey issues

$300 - $500

Usually arranged through your lawyer

Land Title Registration

Alberta Land Titles Office fees for registering ownership

$180 - $295
Variable

Based on purchase price - approximately $50-100 base + $1 per $5,000

Mortgage Registration

Fee to register mortgage against the property

$80 - $150

GST on New Build

5% GST applies to new construction (may be included in purchase price)

$0

Verify with builder if GST is included in your quoted price

Property Tax Adjustment

Reimburse seller for property taxes prepaid beyond closing date

$0 - $1,950
Variable

Depends on closing date - higher if closing early in year

Utility Adjustments

Adjustments for utilities, HOA fees, or other prepaid expenses

$0 - $500
Variable

Varies based on timing and what seller has prepaid

Appraisal Fee

Bank may require an appraisal to confirm property value

$0 - $500

Often waived by lenders, especially for conventional mortgages

Moving Costs

Professional movers or truck rental

$500 - $2,500
Variable

DIY: $200-500, Professional: $1,000-2,500+

Utility Setup & Deposits

Connection fees and potential deposits for utilities

$100 - $400

First-Time Buyer Benefits

First-Time Home Buyers' Tax Credit (Federal)
$10,000 non-refundable credit at 15%
-$1,500
Home Buyers' Plan (RRSP)
Withdraw up to $35,000 tax-free from RRSP

Total Closing Costs

Alberta 2025 Estimate

Purchase Price
$650,000
Estimated Range
$2,360 - $8,795
Budget Estimate
$5,578
~0.86% of purchase price
After FTHB Credits
~$4,078

Budget Rule of Thumb

In Alberta, budget 1.5% - 3% of purchase price for closing costs. This is significantly lower than Ontario (4-5%) or BC (3-4%) due to no land transfer tax.

Not Included Above

  • • Down payment
  • • CMHC insurance (if under 20% down)
  • • Furniture and appliances
  • • Immediate repairs or improvements
  • • Rate lock fees (if applicable)