Alberta

Mortgage broker in Alberta

One application, 65+ lenders. An independent Alberta mortgage broker shops your file across banks, credit unions, monoline and alternative lenders instead of quoting a single rate sheet.

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What should I know before getting a mortgage in Alberta?

A mortgage broker in Alberta submits one application to more than 65 lenders and brings back the best approval, rather than the single rate one bank happens to offer. Home prices across Alberta run from $400,000 to $620,000 in the markets we cover, so the qualifying amount and the closing costs differ sharply city to city.

Alberta has no land transfer tax at all. Buyers pay only land title registration fees — a small base charge plus a per-thousand amount on the property value and the mortgage — which usually totals a few hundred dollars rather than thousands.

Alberta's combination of no land transfer tax and prices well below Ontario and BC keeps closing costs low, and strong interprovincial migration keeps demand steady in Calgary and Edmonton.

Alberta closing tax: land title registration fees.
Typical prices across the province: roughly $400,000 in Red Deer to about $610,000 in Calgary, with Edmonton and Airdrie generally between $430,000 and $530,000.
Licensed and regulated by RECA (Real Estate Council of Alberta).
One application is shopped across 65+ lenders, not one bank's rate sheet.

Alberta mortgage broker coverage, city by city

Each city page carries its own benchmark price, minimum down payment, estimated monthly payment and closing costs for that market.

Mortgage broker Calgary$620,000 Mortgage broker Edmonton$460,000 Mortgage broker Red Deer$400,000 Mortgage broker Airdrie$560,000

See today's Alberta mortgage rates, estimate a payment in the mortgage payment calculator, or check your closing costs in the land transfer tax calculator. Prices shown are rounded market estimates.

Best available rates shown are from 8Twelve's lender panel and are subject to your qualification, lender approval, and change without notice. On approved credit (OAC).

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Alberta mortgage broker questions

Does Alberta have land transfer tax?

No. Alberta is one of the few provinces with no land transfer tax. Buyers pay land title registration fees instead — a base charge plus a per-thousand amount on both the property value and the mortgage — which typically comes to a few hundred dollars on an average purchase.

What are mortgage rates in Alberta right now?

Our best available insured five-year fixed rate for Alberta is currently about 4.14%, from our lender panel and subject to qualification and lender approval. The Alberta rates page carries the live figure.

Are Alberta mortgage brokers licensed?

Yes. Mortgage brokerages in Alberta are licensed by RECA. 8Twelve Mortgage is licensed in Alberta and arranges purchases, renewals and refinances in Calgary, Edmonton, Red Deer, Airdrie and across the province.

How much do I need to buy a home in Calgary or Edmonton?

At a typical Calgary price near $610,000 the federal minimum down payment is $36,000, and at a typical Edmonton price near $430,000 it is $21,500. Below 20% down the mortgage must be default-insured, which adds a premium to the balance.

Which Alberta cities does 8Twelve cover?

We have dedicated pages for Calgary, Edmonton, Red Deer and Airdrie, and we arrange mortgages throughout Alberta.

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