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Rekha BalajiMortgage Advisor

Alberta closing costs calculator

Budget for closing day in Alberta: Land Titles fees are calculated for you, and you can adjust the other common costs.

Include any default insurance premium.

Other closing costs (edit to match your quotes)

Estimated closing costs

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    Good news:Alberta has no land transfer tax and no sales tax on mortgage default insurance.
    How this estimate works

    Alberta Land Titles charges $50 plus $5 for every $5,000 (or part of $5,000) of the property value to register the transfer, and the same formula on the mortgage amount to register the mortgage. Legal fees, inspection and the other items are typical amounts you can change; get quotes for your purchase. Buying a new home may add GST. Keep a cushion of about 1.5% of the price for closing costs.

    Estimates are for illustration only and are not a mortgage offer, approval or rate quote. All mortgages are subject to CIBC credit approval. For your real numbers, call Rekha at 780-394-5555.

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