Can foreign buyers get mortgages in Alberta?
Quick Answer
Short answer: Yes, but expect 35%+ down and higher rates or private terms.
Detailed Explanation
Canadian chartered banks lend to non-residents only in limited cases—usually with 35–50 percent down, global income verification, and premium pricing. Private lenders fill the gap at higher rates.
The foreign buyer tax doesn't apply in Edmonton (unlike Vancouver/Toronto), making Alberta more accessible to international purchasers.
- Work visa holders get better terms than tourists
- Some lenders require Canadian co-signers
- Currency hedging adds complexity
Disclaimer: This page is for general information only and does not constitute legal, financial, or real estate advice. Always verify details with a licensed Alberta REALTOR®, mortgage professional, or lawyer before making decisions. Buy in Edmonton assumes no liability for actions taken based on this content.
Tim Grover, RE/MAX Excellence • 780-288-5144 • 5607 199 Street NW, Edmonton, AB
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