Is there a land transfer tax in Alberta?
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Alberta does not charge a provincial land transfer tax on real estate purchases, which is one of its biggest advantages compared to Ontario, BC, Manitoba, or Quebec. Buyers in Edmonton still pay a land title transfer fee to the provincial government, but this is much smaller than the land transfer taxes charged in other provinces. On a $500,000 home in Edmonton, the title transfer fee is typically under $500. For a full picture of buyer closing costs, see what buyers pay at closing in Edmonton.
Buyers in Alberta still pay legal fees, home inspection costs, and title insurance, but the absence of a large land transfer tax makes total closing costs meaningfully lower than in comparable Ontario or BC cities. This is a real financial advantage for buyers choosing Edmonton. Find a real estate agent in Edmonton who can walk you through all closing costs.