The first step is getting pre-approved for a mortgage. This helps you understand your budget and shows sellers you’re a serious buyer. We can connect you with trusted mortgage professionals to start the process.

In addition to your down payment, budget for closing costs (legal fees, land transfer taxes, home inspection, etc.), moving expenses, and ongoing expenses like property taxes, utilities, and maintenance. 

The minimum down payment depends on the price of the home:

• 5% for homes up to $500,000
• 10% for the portion of the price above $500,000
• 20% for homes priced over $1,000,000

If you have questions about your down payment or financing options, we can connect you with a trusted mortgage professional who can guide you through the details.

Mortgage insurance protects lenders if you default on your loan. It’s required if your down payment is less than 20% of the home’s price. The cost is added to your mortgage payments.

Once you find a home, you’ll submit an offer. If it’s accepted, the next steps include a home inspection, securing financing, and completing the conditions outlined in the purchase agreement.

Yes, a home inspection is recommended. It identifies potential issues with the home’s structure, systems, and appliances, giving you confidence in your investment.

On closing day, your lawyer will finalize the transfer of funds and ownership. You’ll receive the keys to your new home, and the property officially becomes yours.

I can provide a checklist and contact information for utility providers in Calgary to make the transition seamless.