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Alberta Mortgage Affordability Calculator (2026): Income Needed to Buy

Updated

This page compares the income needed for a typical home across Alberta, Calgary and Edmonton.

Household income (before tax, a year)
Savings for the down payment
Other debt payments ($ a month)
Mortgage rate (%), blank for the current average
Amortization (years)
Property tax (% of price a year)
Heating ($ a month)
Condo fees ($ a month)
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment

Income needed for a typical home

AreaPrice measurePriceIncome needed, minimum downIncome needed, 20% down
AlbertaMLS HPI benchmark$511,500$117,200$100,900
AlbertaAverage sale price$524,545$119,900$103,400
CalgaryMLS HPI benchmark$569,800$129,400$111,900
EdmontonMLS HPI benchmark$426,900$98,700$85,000

Prices: provincial REALTOR association figures on CREA Stats (August 2026); Calgary: Calgary Real Estate Board (August 2026); Edmonton: REALTORS Association of Edmonton (August 2026). Incomes: this site's calculation, with the assumptions on the calculator page.

Calgary

Calgary’s benchmark price, $569,800 in August 2026, takes about $129,400 of income with the minimum down payment and $111,900 with 20%. The Calgary housing market page has the trend.

Edmonton

For Edmonton’s benchmark home ($426,900, August 2026), plan on about $98,700 of income with the minimum $21,345 down, or $85,000 with 20% down. See the Edmonton housing market page.

Closing costs

Closing costs are on top of the down payment: see closing costs in Alberta.

Sources

The figures and rules on this page come from these sources, last checked against them between September 24, 2026 and September 25, 2026. How we check facts.

11 more sources