Closing Costs When Buying a Home in Edmonton

Closing costs are expenses paid beyond your down payment to legally complete a home purchase.

In Edmonton, buyers should typically budget 2% – 4% of the purchase price, similar to Calgary due to Alberta’s tax structure.

Example:

$500,000 home → roughly $10,000–$20,000 closing costs.

The Main Closing Costs

Land Title Registration Fees (Biggest Government Cost)

Like Calgary, Edmonton has:

✅ No provincial or municipal land transfer tax.

Instead, buyers pay regulated registration fees through Alberta Land Titles.

Typical costs:

• Transfer registration fee

• Mortgage registration fee

Usually $300 – $700 total, depending on purchase price.

Real Estate Lawyer Fees & Disbursements

Typical Edmonton costs:

Legal fee: $900 – $1,700
Disbursements: $300 – $600

Lawyers manage:

• Title searches

• Mortgage registration

• Funds transfer

• Ownership registration

Title Insurance

Typical cost:

$250 – $400

Usually required by lenders instead of property surveys.

Property Tax & Utility Adjustments

Buyer reimburses seller for prepaid:

• Property taxes

• Condo fees

• Utilities

These adjustments vary depending on closing date.

Mortgage-Related Costs

Appraisal Fee: $300 – $500

Mortgage Default Insurance: added to mortgage if applicable.

Home Insurance

Proof required prior to possession.

Interest Adjustment

Interest covering the period between closing and first payment date.

Costs Some Buyers Forget

• Condo document review fees

• Moving costs

• Immediate maintenance

• Appliance replacement

Because Alberta lacks land transfer taxes, total closing costs are typically thousands lower than Ontario or BC markets.

Simple Rule of Thumb

Budget about $12,000 per $500,000 purchase price in Edmonton.