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Free Calculator: Updated 2025

Mortgage Calculator Edmonton 2025

Edmonton offers Canada's most affordable major-city housing. Use our mortgage calculator to see exact monthly payments for Edmonton properties.

$450,000
Avg. Edmonton Home Price
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Est. Monthly Payment
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Min. Down Payment

Edmonton Mortgage Calculator

Average Edmonton home price: $450,000
Min. 5% for homes under $500K | 20% avoids CMHC insurance
Or enter a dollar amount directly
2025 average 5-year fixed rate: ~5.00%–5.50%
Max 25 years for insured mortgages (under 20% down)
Estimated Monthly Payment
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Down Payment
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CMHC Insurance
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CMHC Insurance Required: Down payment under 20%. Insurance premium added to mortgage principal.

Alberta Land Transfer Tax / Property Transfer Tax

Alberta has no land transfer tax. Title Registry Fee on a $450,000 Edmonton home is approximately $300–$600.

Edmonton buyers benefit from Alberta's zero land transfer tax policy. You'll save $7,000–$12,000 compared to similar purchases in ON or BC. Only a minimal title registration fee applies.

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FAQ — Mortgages in Edmonton

What is the average home price in Edmonton in 2025?
Edmonton's average home price is approximately $450,000 in 2025, making it one of Canada's most affordable major cities for detached home ownership. Detached homes average $550,000 while condos average $250,000–$350,000.
What down payment do I need for an Edmonton home?
On a $450,000 Edmonton home, minimum down payment is 5% = $22,500. This triggers CMHC insurance. Putting 20% down ($90,000) avoids CMHC, saving approximately $14,000 in insurance premiums.
Are Edmonton mortgage rates different from national rates?
No — mortgage rates in Edmonton are set nationally and vary by lender, not city. In 2025, 5-year fixed rates range from 4.5%–5.5%. Edmonton's lower home prices mean smaller mortgages and less total interest — a big advantage over Toronto or Vancouver buyers.
What are closing costs in Edmonton?
Edmonton closing costs typically include: Title Registry Fee (~$600), legal fees (~$1,500), home inspection (~$500), title insurance (~$300), and home insurance first payment. No land transfer tax in Alberta. Budget approximately $3,000–$4,000 for total closing costs, far less than Ontario or BC.

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