Alberta Residential Purchase Contract

What is Alberta Residential Purchase Contract?

The Alberta Residential Purchase Contract is published by the Alberta Real Estate Association (AREA) for use in common law and designated agency brokerages. It is the contract between the owner who wants to sell a home and the buyer, and it is a form Alberta REALTORS use for resale houses (AREA has separate contracts for resale condominiums and country residential property). The blank on this page is the July 2014 edition, marked WEBForms Apr/2015. AREA has issued a later edition coded 158CLDA_JAN2026, effective January 5, 2026.

The buyer signs the contract as an offer; the seller then accepts, rejects or counters it. Read the whole form before you sign, whichever party you are, and name the brokerage and representative if one acts for you. The contract binds the parties only once the other side accepts it and the accepted contract is delivered (in person, by fax or by email).

What I need the Alberta Residential Purchase Contract for?

• The seller uses the contract to record the agreed price, deposits, completion day and the seller's representations, and the buyer's contact details;
• The buyer uses it to secure the purchase on agreed terms and conditions (financing, inspection) and to state what is included in the sale. A buyer may have a lawyer review the contract before signing.
• A real estate agent keeps the accepted contract as the record of the agreement and forwards copies to the lawyers.

How to Fill Out Alberta Residential Purchase Contract?

AREA creates its contract forms for its REALTOR members only; for a real transaction, obtain the current contract through your REALTOR, and do not use the superseded 2014 blank on this page for an offer. Reproduction without AREA's permission is prohibited. The following points describe AREA's 158CLDA_JAN2026 edition; the 2014 blank on this page differs:

1. Provide the names of the seller and the buyer;
2. Describe the property: municipal address, legal description, and the attached and unattached goods included or excluded;
3. Enter the purchase price (in that edition it includes any applicable GST unless agreed otherwise in writing) and completion day, the deposits with their trustee, payment method and due date and time, and whether the purchase depends on new financing; seller financing or a mortgage assumption goes in the attached Financing Schedule;
4. Give each buyer's or seller's condition an agreed Condition Day and send written notice of satisfaction or waiver by that deadline, or the contract ends; the completion day is when the price is paid and vacant possession given, at 12 noon under the contract;
5. Read all the sections of the contract and specify details;
6. Sign the document (a witness may sign, but a witness signature is not required for a binding contract in Alberta), and state until when the offer is open for acceptance.

Organizations that work with Alberta Residential Purchase Contract

• Alberta Real Estate Association (AREA), Canada.