Mortgage rules in Alberta
Mortgage basics — Alberta
5 %
Conditions: for homes priced $500,000 or less; mortgage loan insurance required if down payment less than 20%
For city: Calgary
For homes in the lowest price band, the smallest down payment allowed is 5% of the purchase price; higher-priced homes need a larger minimum.
- Quote
5% of the purchase price
Verbatim from the source, in the original language- Retrieved
- — when we fetched the source page
- Verified
- — when the quote and figures were checked against the source
- Next verification
- Dec 28, 2026
Plain-language summary — not the legal text; see the quoted source.
Source: "Saving for a down payment and closing costs - Canada.ca", https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html. Copy of the version at this link; not affiliated with the Government of Canada.
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