Land Transfer Tax in Canmore, AB

Canmore vs. Ontario: LTT Savings

Canmore, AB

Provincial LTT on $1,200,000 home

Ontario

$20,475

Ontario LTT on $1,200,000 home

Savings in AB

$20,475

Kept in your pocket vs Ontario

Alberta Land Title Transfer Fees (Actual Costs)

Provincial Land Transfer Tax$0

Land Title Transfer Fee (title registration)~$1100

Mortgage registration fee~$1200

Total government land fees~$2300

Canmore is a mountain resort town located in the Bow Valley, adjacent to Banff National Park and approximately 100 km west of Calgary. Canmore has transformed from a coal mining town into one of Canada's most desirable luxury mountain real estate markets, attracting buyers from across Canada and internationally who seek mountain lifestyle, outdoor recreation, and proximity to Banff and the ski resorts of the Bow Valley corridor. The town's scenic setting is unmatched in Alberta.

On a $1,200,000 Canmore property, an Ontario buyer would pay $20,475 in provincial land transfer tax. Alberta buyers pay $0. Alberta's land title transfer fees on a $1,200,000 purchase total approximately $1,340. At Canmore's price points, the $0 LTT advantage is most dramatic — saving over $20,000 on a typical purchase compared to what Ontario buyers would pay. This savings can fund a ski pass, a renovation, or a full year of property tax.

Canmore Real Estate Market Overview

Canmore's benchmark detached home price sits around $1,000,000–$1,400,000 as of early 2026, driven by constrained supply (the Bow Valley Growth Management Strategy limits development), tourism demand, and Alberta's booming in-migration. Short-term rental properties are a significant part of the market. ATB Financial and major chartered banks all offer mortgage products in Canmore. EQ Bank's 3.00% savings rate is popular among buyers accumulating large down payments for Canmore properties.

Frequently Asked Questions

Is there a land transfer tax in Canmore, Alberta?

No — Alberta has no provincial land transfer tax. Canmore buyers pay $0 LTT regardless of the purchase price. Alberta does charge small land title transfer fees (approximately $400–600 on a typical home), but these are a fraction of the LTT charged in Ontario or BC. On a $1,200,000 Canmore purchase, you save $20,475 compared to the Ontario LTT.

What are Alberta land title transfer fees?

Alberta land title transfer fees are small government fees for registering the property title and mortgage with Alberta's Land Titles Office. For a $1,200,000 home, the title transfer fee is approximately $1100 and the mortgage registration fee is approximately $1200 — totalling approximately $2300. This is separate from (and much smaller than) a land transfer tax, which Alberta does not have.

How much do Canmore buyers save compared to Ontario?

On a $1,200,000 home, Canmore buyers save $20,475 in provincial land transfer tax compared to Ontario buyers. Alberta's $0 LTT applies at every price point — the more expensive the home, the greater the savings versus Ontario or BC.

Does Alberta have a first-time buyer land transfer tax rebate?

Alberta doesn't need a first-time buyer rebate because there is no provincial land transfer tax to rebate. All Alberta buyers — first-time, repeat, and investors — pay $0 provincial LTT. This is a structural advantage over Ontario and BC, where first-time buyers must navigate rebate programs to partially offset their LTT costs.

What closing costs should Canmore buyers budget for?

Canmore buyers should budget for: legal/notary fees ($1,200–$2,000), home inspection ($500–$700), title insurance (~$300), land title transfer fee (~$1100), mortgage registration fee (~$1200), and CMHC mortgage insurance if applicable. Notably absent: provincial land transfer tax.

Canmore Provincial Land Transfer Tax

Canmore vs. Ontario: LTT Savings

Alberta Land Title Transfer Fees (Actual Costs)

Canmore Real Estate Market Overview

Alberta LTT Calculator

Frequently Asked Questions

More Resources

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