Edmonton is Canada's most affordable major city, with an average home price of $454,800 as of February 2026 — the lowest among Canada's six largest metros. Like all of Alberta, Edmonton has no provincial land transfer tax, keeping closing costs minimal. Best 5-year fixed insured mortgage rates in Edmonton are around 3.99%–4.0% in 2026, with some lenders offering from 3.84% on insured loans. Edmonton's market is driven by affordability and strong energy-sector employment, with average prices up approximately 1.2% year-over-year in February 2026.
Alberta (AB): no provincial land transfer tax. Defaults ~$454,800 / 20% down; title fees are closing costs, not in payment results.
20.0% of home price
Monthly payment
$2,032.81
Your selected frequency (Monthly): $2,032.81
Bi-weekly: $937.71 · Weekly: $468.74
Principal vs interest (life of loan)
| Down | Down payment | CMHC | Monthly |
|---|---|---|---|
| 5% | $22,740 | $17,282 | $2,510.52 |
| 10% | $45,480 | $12,689 | $2,357.81 |
| 20% | $90,960 | — | $2,032.81 |
| 25% | $113,700 | — | $1,905.76 |
| Year | Average Price | Change YoY |
|---|---|---|
| 2024 | ~$435,000 | +3.1% |
| 2025 | ~$449,000 | +3.2% |
| Feb 2026 | $454,800 | +1.2% |
Alberta has no provincial land transfer tax. Edmonton buyers pay only land title transfer fees — typically $200–$500 depending on property value. This saves buyers $5,000–$8,000 compared to Ontario or BC purchases of similar value. No rebate program is needed because no tax applies in the first place.
| Home Price | Minimum Down Payment | CMHC Insurance Required |
|---|---|---|
| Up to $500,000 | 5% (e.g. $22,740 on $454,800) | Yes |
| $500,001–$999,999 | 5% on first $500K + 10% on remainder | Yes |
| $1,000,000+ | 20% | No |
At Edmonton's average price of $454,800 with 5% down ($22,740), your insured mortgage is $432,060 plus CMHC premium (~$17,282), totalling approximately $449,342. At a qualifying rate of 5.99% (3.99% + 2%), you need annual income of approximately $85,000–$95,000 to pass the stress test — significantly lower than Toronto, Vancouver, or Calgary.
The average home price in Edmonton is approximately $454,800 as of February 2026, up 1.2% year-over-year. Edmonton is Canada's most affordable major city, with single-detached homes averaging around $520,000 and condos around $210,000.
No. Alberta has no provincial land transfer tax. Edmonton buyers pay only a small land title transfer fee of approximately $200–$500. This makes Alberta one of the most cost-effective provinces for closing costs in Canada.
Best 5-year fixed insured mortgage rates in Edmonton are around 3.99%–4.0% in 2026. Some lenders offer insured 5-year fixed rates from 3.84% for qualified borrowers. Variable rates are typically around 3.35%–3.50%.
To afford Edmonton's average home of $454,800 with 5% down and a 5-year fixed rate of 3.99%, you need approximately $85,000–$95,000 in gross annual income to pass the mortgage stress test. Edmonton is one of the most income-accessible major markets in Canada.
For Edmonton's average home of $454,800, the minimum down payment is 5% — approximately $22,740. Since the price is under $500,000, the full 5% rule applies. Homes between $500,000 and $999,999 require 5% on the first $500K and 10% on the remainder.
Edmonton's 2026 effective residential property tax rate is approximately 0.8–1.0% of assessed value. City council approved a 6.9% property tax increase for 2026. On a $454,800 home, annual property taxes are approximately $3,600–$4,500.
Educational estimates only. Not a lender pre-approval.