How much does a $300,000 condo in Edmonton cost per month?

With 10% down at 5.49% over 25 years, the mortgage payment including the CMHC premium is about $1,698. Add property tax of about $259 (2026 Edmonton rate), $350 in condo fees, $50 insurance and $88 utilities and the total is about $2,445 a month. Your own numbers will differ; use the calculator.

Does my mortgage pre-approval include condo fees?

Partly. Lenders count your property tax, heating and half of your condo fees in the Gross Debt Service ratio, at the stress-test rate. They do not count the other half of the fees, insurance or other utilities, so the amount you are approved for is not the same as what you will spend each month.

What is the CMHC premium on a condo with less than 20% down?

The premium is added to the mortgage: 4.00% of the loan with 5% to 9.99% down, 3.10% with 10% to 14.99% down, and 2.80% with 15% to 19.99% down.

Edmonton Condo True Cost Calculator

Your numbers

Purchase price

Down payment

Interest rate

Example rate. Use the one your lender or broker quoted you.

Amortization

Property tax rate

Edmonton 2026 total rate is about 1.036% of assessed value. Check the listing's actual tax or the assessment notice.

Condo fees

Contents and liability insurance

Utilities not in fees

Power, gas, water and internet that your condo fees do not cover. Ask what the fee includes.

Household gross income (optional)

Used only to estimate your lender ratio below. Nothing is sent until you submit the form.

Your true monthly cost

Every month, all in

Why the approval number and the monthly number differ

Your pre-approval is not wrong. It answers a different question. Lenders test whether you could carry the mortgage at the stress-test rate (your rate plus 2%, or 5.25%, whichever is higher), plus property tax, heating and half of your condo fees. That is the Gross Debt Service ratio, and it usually needs to stay under 39% of gross income.

Counted by your lender

Mortgage at the stress-test rate, property tax, heating, half the condo fees, and your other debts.

Not counted

The other half of the fees, contents insurance, power, internet, parking, and special assessments.

What to do about it

Budget on the true monthly cost, not the approval. Compare fees against what they cover and the reserve fund, not just the number.

Edmonton communities where $300K+ condos average under $350/month in fees

Condos that sold for $300,000 or more in the 12 months to July 2026, grouped by community, with at least 10 sales. Source: REALTORS® Association of Edmonton MLS® data. Very low averages usually mean bare-land or townhome-style condos, where you pay for more of your own exterior upkeep.

Community	Avg fee	Median sold	Sales
Aster	$29	$381,928	14
Mattson	$96	$382,500	14
Secord	$150	$370,852	32
Cy Becker	$171	$334,500	16
Clareview Town Centre	$192	$321,250	12
Keswick	$199	$362,000	11
Trumpeter Area	$204	$339,240	24
Laurel	$215	$331,500	14
Walker	$226	$345,000	40
Glenridding Ravine	$233	$330,750	11
The Orchards At Ellerslie	$234	$334,000	45
Crystallina Nera West	$236	$350,000	23
Larkspur	$243	$323,500	18
The Hamptons	$252	$327,750	28
Chappelle Area	$255	$320,000	31

Get your True Cost report

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Estimates for planning only. This is not financial advice, a mortgage approval or a rate quote. Mortgage payments use Canadian semi-annual compounding. CMHC premiums are added to the loan at 4.00% (5–9.99% down), 3.10% (10–14.99%) and 2.80% (15–19.99%); provincial sales tax does not apply to the premium in Alberta. Insured 30-year amortizations are limited to first-time buyers and new builds. Property tax uses the 2026 City of Edmonton rate applied to the purchase price; assessed value may differ. Confirm all figures with your lender or mortgage broker. Calculator built with AI assistance and reviewed by Deep Budhiraja, REALTOR®.