Alberta · 13 municipalities · 2026 bylaws
Alberta mortgage calculator: costs by city
An Alberta mortgage payment is the same in every city: on a $500,000 home with 10% down at 4.12% over 25 years it is $2,471 a month, CMHC included. Property tax is what changes: 2026 rates run from 0.4566% in Canmore (primary residence) to 1.1077% in St. Albert, $3,256 a year apart on that home.
On a $500,000 home anywhere in Alberta with 10% down at 4.12%, the mortgage including CMHC is $463,950 and the payment is $2,471 a month: the federal rules and the Land Titles fees are the same province-wide. What changes by city is property tax: from $2,283 a year in Canmore (primary residence) to $5,538 in St. Albert (Calgary $3,325).
Alberta mortgage and owning cost by municipality
Same purchase, each municipality's 2026 residential tax rate. Land Titles fees are the same across Alberta.
- Minimum down payment
- $45,600
- 5% to $500k, 10% above, 20% at $1.5M
- 2026 property tax
- $4,695
- 0.6650% · bylaw 9M2026
- Due
- June 30
- TIPP
- Land Titles fees
- $1,470
Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.
Calgary: $5,012 a month all-in; tax $4,695 a year.
Assumptions & sources
Assumptions
- 2026 residential rates (municipal + provincial education + any seniors' housing levy) from each municipality's 2026 tax rate bylaw. Source: Alberta municipalities, 2026 property tax rate bylaws (municipal pages and copies filed with Alberta Municipal Affairs), effective January 1, 2026. Checked .
- Canmore's rate is the primary-residence rate; other residential property there pays more.
- Land Titles fees are province-wide. Source: Government of Alberta, Land Titles and Surveys common documents fee schedule, effective October 1, 2026. Checked .
- Example rate. Source: Bank of Canada, Effective rate on new insured fixed mortgages, 5 years and over (series V122667780), effective August 1, 2026. Checked .
| Price and down payment | $500,000, 10% down |
|---|---|
| Mortgage payment (both cities) | $2,471 a month4.12%, 25 years, CMHC included |
| Land Titles fees (both cities) | $1,065one provincial schedule |
| Calgary 2026 tax (0.6650%) | $3,325 a yearBylaw 9M2026 |
| Edmonton 2026 tax (1.0364%) | $5,182 a yearBylaw 21442 |
| Edmonton costs more each month | $155 a month$1,857 a year at the same assessment |
The comparison holds the assessment equal; in practice the same money buys different homes in each city, so compare tax on the assessment of the home you would actually buy. Utilities are held equal here too; enter your own estimate for the other city in the calculator.
2026 residential tax rates in Alberta municipalities
| Municipality | 2026 rate | Per $1,000 | Tax on $500,000 | Due | Monthly plan | Bylaw |
|---|---|---|---|---|---|---|
| Canmore (primary residence) | 0.4566% | $4.57 | $2,283 | June 30 | TIPP | 2026-08 |
| Chestermere | 0.6182% | $6.18 | $3,091 | July 31 | TIPP | 022-26 |
| Cochrane | 0.6573% | $6.57 | $3,287 | June 30 | TIPP | 05/2026 |
| Calgary | 0.6650% | $6.65 | $3,325 | June 30 | TIPP | 9M2026 |
| Okotoks | 0.6810% | $6.81 | $3,405 | June 30 | TIPP | 05-26 |
| Airdrie | 0.6884% | $6.88 | $3,442 | June 30 | Monthly Tax Payment Plan | B-11/2026 |
| High River | 0.8124% | $8.12 | $4,062 | June 30 | TIPP | 4661/2026 |
| Strathmore | 0.8219% | $8.22 | $4,110 | June 30 | TIPP | 26-12 |
| Medicine Hat | 0.9550% | $9.55 | $4,775 | June 30 | TIPP | 4878-2026 |
| Red Deer | 0.9729% | $9.73 | $4,864 | June 30 | TIPP | 3740/2026 |
| Edmonton | 1.0364% | $10.36 | $5,182 | June 30 | Monthly Payment Plan | 21442 |
| Lethbridge | 1.0502% | $10.50 | $5,251 | June 30 | TIPP | 6516 |
| St. Albert | 1.1077% | $11.08 | $5,538 | June 30 | Pre-Authorized Tax plan | 18/2026 |
Totals include the municipal rate, the provincial education requisition and any seniors' housing levy charged to homes. Checked November 1, 2026 against each 2026 bylaw.
What is the same across Alberta
The minimum down payment, CMHC premiums (no sales tax on the premium in Alberta), the stress test, and the Land Titles fees for the transfer and mortgage are identical whether you buy in Airdrie or Lethbridge. That is why one calculator works for the whole province once you pick the municipality. The detailed Calgary model, with City utilities and energy, is the true monthly cost calculator.
Frequently asked questions
Does Alberta have a land transfer tax?
No. Every Alberta purchase pays Land Titles registration fees instead: $50 plus $5 per $5,000 of value for the transfer, and the same on the mortgage. On a $500,000 home the transfer fee is $550.
Which Alberta city has the lowest property tax rate in 2026?
Of the 13 municipalities we checked, Canmore (primary residence) has the lowest 2026 residential rate (0.4566%) and St. Albert the highest (1.1077%). On a $500,000 assessment that is $2,283 versus $5,538 a year. Rates alone don't tell you the bill: assessments differ by city.
Is the mortgage the same everywhere in Alberta?
The rules are federal (minimum down payment, CMHC premiums, the stress test) and Land Titles fees are provincial, so they are the same in every Alberta city. What changes by municipality is property tax, utilities and, often, home prices.
When is property tax due outside Calgary?
Most Alberta municipalities on this page bill for June 30. Chestermere is the exception, with a July 31 due date in 2026. Most offer a monthly instalment plan (TIPP or similar).
Related
Calgary property tax
Your assessment, the 2026 split and TIPP.
Closing costs
Land Titles fees and the tax adjustment.
Today's Calgary mortgage rates ↗
Dated rates to put in these calculators, on CalgaryMortgageRates.com.
Affordability, anywhere in Canada ↗
GDS/TDS and the stress test for every province, on MortgageAffordabilityCalculator.ca.
Sources
- Alberta municipalities — 2026 property tax rate bylaws (municipal pages and copies filed with Alberta Municipal Affairs) (effective January 1, 2026). Checked .
- City of Calgary — How your property tax bill is calculated (2026 residential tax rate, Bylaw 9M2026) (effective January 1, 2026). Checked .
- Government of Alberta — Land Titles and Surveys common documents fee schedule (effective October 1, 2026). Checked .
- OSFI — Minimum qualifying rate for uninsured mortgages (Guideline B-20). Checked .
- Bank of Canada — Effective rate on new insured fixed mortgages, 5 years and over (series V122667780) (effective August 1, 2026). Checked .