Edmonton mortgage calculator
See the true monthly cost of any Edmonton home — paste a listing URL and get your full breakdown instantly. No provincial land transfer tax in Alberta.
See the real cost of any Edmonton home.
Paste any Realtor.ca, Zolo, or MLS listing URL.
Analyze an Edmonton listing nowEdmonton — Canada's most affordable major city
Edmonton is consistently ranked as one of the most affordable major cities in Canada. With an average home price of $435,000 and no provincial land transfer tax, Edmonton offers a rare combination of urban amenities and genuine housing affordability that is increasingly rare in Canada.
For buyers priced out of Toronto or Vancouver, Edmonton represents an opportunity to own a detached home for the price of a small condo in those markets.
The Alberta advantage in Edmonton
Just like Calgary, Edmonton buyers benefit from Alberta's no provincial land transfer tax policy. While a Toronto buyer purchasing a $900,000 home pays nearly $29,000 in combined land transfer taxes, an Edmonton buyer purchasing the same home pays zero provincial LTT.
Alberta does charge a small land title transfer fee of approximately $400-$800 depending on the purchase price — nominal compared to other provinces.
Edmonton stress test — what income do you need?
To qualify for a mortgage on an average Edmonton home at $435,000 with 5% down ($21,750):
- Mortgage required: $413,250 plus CMHC premium
- Stress test qualifying rate: 7.5%
- Required household income: approximately $85,000
- Monthly payment at actual rate (5.5%): $2,450
Edmonton is one of the few major Canadian cities where a single median income can realistically qualify for an average priced home — making it genuinely accessible to first-time buyers.
Edmonton's growing economy
Edmonton is Alberta's capital city and home to a diverse economy anchored by government, healthcare, education, and the energy sector. The University of Alberta is one of Canada's top research universities and a major employer. Edmonton's economy is more diversified than Calgary's making it somewhat less sensitive to oil price fluctuations.
Calculate your Edmonton mortgage instantly
Paste any Realtor.ca, Zolo, or MLS Edmonton listing URL into Smart Mortgage Calculator and get your full monthly payment, closing cost estimate, stress test result, and CMHC insurance if applicable — all instantly.
Edmonton mortgage affordability by neighbourhood
| Area | Avg price | Min down payment | Est. monthly payment |
|---|---|---|---|
| Downtown Edmonton | $280,000 | $14,000 | $1,551 |
| West Edmonton | $480,000 | $24,000 | $2,659 |
| South Edmonton | $460,000 | $23,000 | $2,548 |
| North Edmonton | $380,000 | $19,000 | $2,105 |
| Sherwood Park | $490,000 | $24,500 | $2,714 |
| St. Albert | $520,000 | $26,000 | $2,880 |
Note: Payments estimated at 5.5% rate, 25-year amortization, 20% down where applicable.
Edmonton mortgage guides
- How much mortgage can I afford in Canada?
- Minimum down payment in Canada: 2025 rules
- Mortgage pre-approval in Canada
Calculate your Edmonton mortgage instantly
Full payment breakdown, land transfer tax, CMHC insurance, and stress test in seconds.
Analyze an Edmonton listing nowMarket data and tax figures are estimates as of 2025. Always confirm current rates and rules with a licensed mortgage broker before making real estate decisions.