Calgary's average home price reached $627,800 in February 2026, up 2.4% year-over-year, with a median of $565,000. Calgary is one of the few major Canadian cities with no provincial land transfer tax — buyers pay only a small land title transfer fee of a few hundred dollars, making closing costs significantly lower than Ontario or Quebec. Best 5-year fixed insured mortgage rates in Calgary are around 3.99%–4.0% in 2026, with select brokers offering as low as 3.74% for strong files. Calgary's market remains relatively balanced with 3–3.5 months of supply, supported by strong interprovincial migration and energy-sector employment.
Alberta (AB): no provincial land transfer tax — only modest land title fees. Defaults ~$627,800 / 20% down; LTT savings are closing costs, not in payment results.
20.0% of home price
Monthly payment
$2,806.06
Your selected frequency (Monthly): $2,806.06
Bi-weekly: $1,294.40 · Weekly: $647.05
Principal vs interest (life of loan)
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $31,390 | $23,856 | $3,465.49 |
| 10% | $62,780 | $17,516 | $3,254.68 |
| 20% | $125,560 | — | $2,806.06 |
| 25% | $156,950 | — | $2,630.69 |
| Year | Average Price | Change YoY |
|---|---|---|
| 2024 | ~$598,000 | +4.2% |
| 2025 | ~$613,000 | +2.5% |
| Feb 2026 | $627,800 | +2.4% |
Alberta is one of only two provinces (along with Saskatchewan) with no provincial land transfer tax. Calgary buyers pay only land title transfer fees — typically $300–$600 depending on property value — plus a small mortgage registration fee. This saves buyers $5,000–$12,000 compared to purchasing in Ontario or BC, where land transfer taxes apply.
| Home Price | Minimum Down Payment | CMHC Insurance Required |
|---|---|---|
| Up to $500,000 | 5% (e.g. $25,000 on $500K) | Yes |
| $500,001–$999,999 | 5% on first $500K + 10% on remainder | Yes |
| $1,000,000+ | 20% ($200,000+) | No |
All insured mortgages in Canada require passing the mortgage stress test. You must qualify at the higher of your contract rate + 2%, or 5.25%. At a 3.99% rate, you qualify at 5.99%. On a $627,800 home with 10% down ($62,780), you need to qualify for a $565,020 mortgage — requiring annual income of approximately $110,000–$120,000 to pass the stress test.
The average home price in Calgary is approximately $627,800 as of February 2026, up 2.4% year-over-year. The median home price is around $565,000. Single-detached homes average higher at $700,000+, while condos average around $340,000.
No. Alberta has no provincial land transfer tax. Calgary buyers pay only a small land title transfer fee of approximately $300–$600, plus a mortgage registration fee. This is significantly lower than Ontario or BC, where land transfer taxes can add $10,000–$20,000 to closing costs.
Best 5-year fixed insured mortgage rates in Calgary are around 3.99%–4.0% in 2026. Some brokers advertise rates as low as 3.74% for very strong files. Variable rates are typically lower, around 3.35%–3.50%, but carry more risk in a changing rate environment.
To afford Calgary's average home price of $627,800 with 10% down and a 5-year fixed rate of 3.99%, you need a gross annual income of approximately $110,000–$120,000 to pass the mortgage stress test at 5.99%. With 20% down, the required income drops to approximately $95,000–$105,000.
The minimum down payment in Calgary follows federal rules: 5% on the first $500,000 and 10% on the portion between $500,000 and $999,999. For Calgary's average home of $627,800, the minimum down payment is $37,780 (5% of $500K + 10% of $127,800). Homes above $1 million require 20% down.
Calgary's 2026 residential property tax rate is approximately 1.0–1.1% of assessed market value. Calgary city council approved a 1.64% property tax increase for 2026. On a $627,800 home, annual property taxes are approximately $6,300–$6,900.
Educational estimates only. Not a lender pre-approval.