What a home costs in Edmonton, what you pay to close, and how much a physician program lets you buy.
Benchmark price for Edmonton, July 2026, from the CREA MLS Home Price Index, Edmonton area, as published in the LSTAR July 2026 release. Other cities show the MLS Home Price Index benchmark unless marked. Figures reviewed August 2026.
A physician program could add
$0
to the home you can buy.
Estimate at 4.49%, stress tested at 6.49%, with 10% down, below the $1.5M insured limit.
Like all of Alberta, Edmonton charges no land transfer tax. Buyers pay only modest land title registration fees, typically a few hundred dollars. Combined with attainable prices, this gives Edmonton physicians some of the lowest cash-to-close requirements in the country.
Sources: Alberta Land Titles fee schedule and Land Titles Act s. 64.1. Rates reviewed August 2026.
Physician programs qualify residents on $185,000 in PGY-1 and PGY-2 and $225,000 from PGY-3, not on these salaries.
PARA, PARA 2024-2028 agreement, article 35.03, in effect from July 2026.
Does Edmonton charge a land transfer tax?
No. Alberta has no land transfer tax. Edmonton buyers pay only modest land title registration fees, usually a few hundred dollars, which keeps closing costs very low compared with Ontario or BC.
Can a new attending afford a detached home in Edmonton?
Often yes. Edmonton is among the most attainable major markets in Canada, so detached ownership on attending income is realistic early in a career, especially with no land transfer tax to fund at closing.
