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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 follow the national market: 4.39% fixed and 3.60% variable as of November 9, 2026. 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
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $31,390 | $23,856 | $3,433.01 |
| 10% | $62,780 | $17,516 | $3,224.18 |
| 20% | $125,560 | — | $2,779.76 |
| 25% | $156,950 | — | $2,606.03 |
Canadian mortgages use nominal rates compounded semi-annually (converted to an effective annual rate, then to your payment frequency). Chart shows cumulative principal and interest paid each year; ending balance trends down toward zero.
Total interest paid
$331,689
Total amount paid
$833,929
Principal + interest on the loan
Interest vs purchase price
53%
of home price goes to interest (illustrative)
Same loan amount, rate, and amortization as above. Semi-monthly and bi-weekly match your monthly cash flow; accelerated bi-weekly uses half the monthly payment every two weeks (13 monthly equivalents per year).
| Frequency | Payment amount | Total interest | Payoff time | Savings vs monthly |
|---|---|---|---|---|
| Monthly | $2,779.76 | $331,689 | 25 years | — |
| Semi-monthly | $1,389.88 | $330,271 | 24 years 11 months | $1,418 |
| Bi-weekly | $1,282.97 | $330,162 | 25 years | $1,526 |
| Accelerated bi-weeklyRecommended | $1,389.88 | $281,386 | 21 years 8 months | $50,303 |
Savings vs monthly shown on wider screens.
| 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%. For example, 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 follow the national market: 4.39% fixed and 3.60% variable as of November 9, 2026.
To afford Calgary's average home price of $627,800 with 10% down and an example 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.