Does Alberta have a land transfer tax?

Alberta does not have a provincial land transfer tax. This is one of the biggest financial advantages of buying real estate in Calgary compared to cities like Toronto or Vancouver, where land transfer taxes can add tens of thousands of dollars to a purchase. Calgary buyers do pay a land title transfer fee, but it typically amounts to only a few hundred dollars — far less than other provinces.

You should still budget for other closing costs such as a home inspection, legal fees, title insurance, and mortgage costs. In total, closing costs in Calgary typically run between 1 and 2 percent of the purchase price. For a full picture of what you will spend, also understand how real estate agent costs work in Calgary. Find real estate agents in Calgary who can walk you through your full closing budget.