Alberta is Canada's most affordable major province for homebuyers in 2026, with an average home price of approximately $512,000 — rising 2% year-over-year as Alberta's economy outperforms other provinces. Calgary averages $556,000 and Edmonton $409,000. Alberta charges the lowest land transfer tax in Canada at approximately $3,975 on a $500,000 home, with no additional municipal taxes. Combined with Alberta's high average income of $68,900, no provincial sales tax, and no speculation tax, Alberta offers the best mortgage affordability of any major Canadian province.
Defaults use ~$512k Alberta average with 20% down. Registration fees / land transfer are separate from payment estimates.
20.0% of home price
Monthly payment
$2,288.48
Your selected frequency (Monthly): $2,288.48
Bi-weekly: $1,055.64 · Weekly: $527.70
Principal vs interest (life of loan)
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $25,600 | $19,456 | $2,826.27 |
| 10% | $51,200 | $14,285 | $2,654.35 |
| 20% | $102,400 | — | $2,288.48 |
| 25% | $128,000 | — | $2,145.45 |
| Location | Average price | Notes |
|---|---|---|
| Alberta (province) | ~$512,000 | Up ~2% YoY |
| Calgary | ~$556,000 | Fastest growing city |
| Edmonton | ~$409,000 | Most affordable major city |
| Other Alberta | $350,000–$450,000 | Red Deer, Lethbridge, etc. |
| Purchase price | Alberta LTT | First-time rebate | Net cost |
|---|---|---|---|
| $500,000 | ~$3,975 | Full rebate (new homes) | ~$0 (new homes) |
| $750,000 | ~$6,225 | Partial | ~$3,000–$4,000 |
| $1,000,000 | ~$8,475 | None | ~$8,475 |
Alberta's mortgage affordability advantage comes from multiple factors: the lowest land transfer tax in Canada, no provincial sales tax on purchases, the highest average household income at $68,900, rising home values (unlike declining markets in Ontario and BC), and no speculation or vacancy tax. Calgary in particular has seen strong in-migration from other provinces, driven by job opportunities in energy, technology, and agriculture.
The average home price in Alberta is approximately $512,000 in 2026, up about 2% year-over-year. Calgary averages $556,000 and Edmonton $409,000, making both cities significantly more affordable than Toronto or Vancouver.
Alberta's land transfer tax on a $500,000 home is approximately $3,975 — the lowest of any major Canadian province. First-time buyers purchasing new homes may receive a full rebate up to $450,000. Alberta does not charge any municipal land transfer tax.
On a $90,000 salary in Alberta with no other debts, you can typically qualify for a mortgage of approximately $400,000–$450,000 under the 2026 stress test. With Alberta's average home price of $512,000, a 20% down payment of about $102,000 would result in mortgage payments of approximately $2,200–$2,400 per month.
Edmonton is more affordable with an average home price of $409,000 versus Calgary's $556,000. Both cities offer significantly better affordability than Toronto or Vancouver, and Alberta's low land transfer tax and no PST reduce closing costs further.
Educational estimates only. Not a lender pre-approval.