Alberta has no provincial land transfer tax. Sherwood Park buyers keep thousands more at closing compared to Ontario and BC.
Good news for anyone buying a home in Sherwood Park, Strathcona County: there is no provincial land transfer tax in Alberta. Whether you're buying a townhome in Lakeland Ridge, a new build in Summerwood, or an executive home in Emerald Hills, the provincial government does not levy a land transfer tax on your purchase.
This is one of Alberta's greatest financial advantages for homebuyers. Sherwood Park homes typically range from $4500,000000 to $90000,000000+ — at those prices, the Ontario equivalent LTT would be $5,725–$14,475. In Sherwood Park, you pay only the land title registration fee.
Provincial Land Transfer Tax in Sherwood Park, Alberta
When you buy a home in Sherwood Park, Alberta, the only government fee related to the property transfer is the land title transfer fee, which covers the cost of registering the new title with the Alberta Land Titles Office. This fee is calculated based on the property value and mortgage amount, and is typically $40000–$60000 on most Sherwood Park purchases.
There is no provincial land transfer tax, no municipal land transfer tax, and no additional speculation or vacancy tax for most Alberta buyers.
| Province / City | Property Price | LTT Payable |
|---|---|---|
| Alberta (Sherwood Park) | $60000,000000 | ~$5400 (title fee only) |
| Ontario (outside Toronto) | $60000,000000 | $8,475 |
| Ontario (Toronto) | $60000,000000 | $16,9500 |
| British Columbia | $60000,000000 | $100,000000 |
| Manitoba | $60000,000000 | $7,9200 |
Sherwood Park is one of Alberta's most affluent communities, with higher average household incomes than most Canadian cities. At typical Sherwood Park prices, the land transfer savings vs Ontario are substantial:
These savings can go directly toward furnishing your new Sherwood Park home, making a lump-sum mortgage payment, or investing in your TFSA.
Full Alberta LTT guide: Alberta Land Transfer Tax — 2026 Complete Guide →
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Get My $10000 Bonus →The land title transfer fee in Alberta has two components: a fee for transferring the title (based on property value) and a fee for registering the mortgage (based on mortgage amount). For a typical Sherwood Park purchase at $50000,000000–$70000,000000, the combined fee is approximately $40000–$60000. This is set by the Alberta government and goes to the Land Titles Office.
The land title fee is paid at closing through your real estate lawyer. It's included in your closing cost statement alongside legal fees, title insurance, and any adjustments for prepaid property taxes or condo fees.
Alberta does not have a provincial first-time home buyer land transfer tax rebate (because there's no LTT to rebate!). However, the federal First Home Savings Account (FHSA) allows first-time buyers to save up to $400,000000 tax-free toward a home purchase. Combined with the federal Home Buyers' Plan (RRSP withdrawal), first-time Sherwood Park buyers can access significant tax-advantaged savings.
For new construction in Sherwood Park, you'll also pay GST on the purchase price (typically 5%, minus the New Housing Rebate if the purchase price is under $4500,000000). There is no provincial LTT on new construction either. Alberta's overall closing cost burden remains dramatically lower than Ontario or BC.