How much home can you afford in Edmonton?
See what you could borrow, what homes cost in Edmonton, and your real monthly payment.
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What homes cost
Typical prices by home type, checked against your budget. Pick one to calculate the payment.
Mortgage payment calculator
Enter any price. We'll add mortgage insurance, land transfer tax and closing costs for your area, and tell you if you'd qualify.
The home
Monthly costs and closing costs
Year-by-year table
Estimate only, not financial advice. Rates, taxes and lender rules vary. Talk to a licensed mortgage advisor before you make an offer.
Short answer: the average Edmonton home costs $469,602. With the minimum $23,480 down you'd need about $111,381 in household income to qualify, and the mortgage payment would be about $2,527 a month at 4.34%.
Edmonton house prices and the income you need
Average and entry-level prices by home type. Income needed assumes no other debts, a 4.34% 5-year fixed rate, 25-year amortization, 1.04% property tax and $150/month heating.
| Home type | Average price | Starting around | Minimum down | Monthly payment | Income needed (min. down) | Income needed (20% down) |
|---|---|---|---|---|---|---|
| Detached house | $575,575 | — | $32,558 | $3,076 | $134,676 | $113,495 |
| Semi-detached | $424,322 | — | $21,216 | $2,283 | $101,087 | $84,883 |
| Townhouse | $298,238 | — | $14,912 | $1,605 | $77,036 | $65,647 |
| Condo apartment | $215,422 | — | $10,771 | $1,159 | $61,285 | $53,058 |
Edmonton land transfer tax and closing fees
Alberta land title and mortgage registration fees (Alberta has no land transfer tax), using the minimum down payment.
| Home type | Price | First-time buyer | Repeat buyer |
|---|---|---|---|
| Detached house | $575,575 | $1,245 | $1,245 |
| Semi-detached | $424,322 | $945 | $945 |
| Townhouse | $298,238 | $695 | $695 |
| Condo apartment | $215,422 | $535 | $535 |
Average sale prices, August 2026, from local real estate board data as reported by WOWA.ca. Entry-level ("starting around") prices aren't published for this city yet. Property tax rate is approximate. Estimates only, not financial advice.
Edmonton mortgage questions
How much income do I need to buy a house in Edmonton?
For Edmonton's average home at $469,602 (August 2026), you'd need a household income of about $111,381 with the minimum down payment of $23,480 and no other debts. An average detached house at $575,575 needs about $134,676. These assume a 4.34% 5-year fixed rate, 25-year amortization and 1.04% property tax.
What is the cheapest way to buy a home in Edmonton?
The lowest entry point is a condo apartment at about $215,422. With the minimum down payment of $10,771 you'd need roughly $61,285 in household income to qualify.
What is the monthly mortgage payment on an average Edmonton home?
About $2,527 per month for a $469,602 home with $23,480 down at 4.34% over 25 years, including mortgage insurance in the loan. Property tax adds roughly $407 a month.
How much is land transfer tax in Edmonton?
On a $469,602 home, Alberta land title and mortgage registration fees (Alberta has no land transfer tax) comes to about $1,035. There's no first-time buyer rebate.
What is the mortgage stress test in Canada?
Lenders check that you could still afford your payments if rates rose. You must qualify at the higher of your contract rate plus 2% or 5.25%. At today's best 5-year fixed rate of about 4.34%, that means qualifying at 6.34%. Your real payment still uses your actual rate.
What are the GDS and TDS limits?
Gross Debt Service (GDS) is your mortgage payment at the stress-test rate plus property tax, heating and half of condo fees, and it can be at most 39% of gross income. Total Debt Service (TDS) adds your other debt payments and can be at most 44%.
What is the minimum down payment in Canada?
5% of the first $500,000, plus 10% of the portion between $500,000 and $1.5 million. Homes priced at $1.5 million or more need 20% down because they can't be insured. For example, a $700,000 home needs $45,000 down.
Mortgage calculators for cities near Edmonton
Know your number before you talk to a lender
- Built on Canadian lender rulesStress test, the 39% / 44% debt limits, minimum down payment and mortgage insurance, so your estimate reflects how lenders actually qualify buyers.
- Typical prices for your cityTypical prices by home type from local real estate boards, plus your province's land transfer tax and first-time buyer rebates.
- Private by designEverything runs in your browser. We never see your income, savings or debts.
How lenders decide
Three rules set the size of your mortgage in Canada.
The stress test
Lenders check you could still pay if rates rose. You qualify at your rate plus 2%, or 5.25%, whichever is higher. Your actual payment uses your real rate.
The 39% / 44% rule
Your mortgage payment, property tax, heating and half of any condo fees can't be more than 39% of your gross income. Add your other debts and the total can't pass 44%.
Down payment
You need 5% of the first $500,000 and 10% of the rest up to $1.5M. Homes at $1.5M or more need 20%. With less than 20% down you pay mortgage insurance, which is added to your loan.