TL;DR: New to Canada doesn’t mean starting from zero. Alberta lenders and CMHC have a specific program for newcomers, and your credit history from home isn’t ignored, it’s just used differently. Here’s what actually counts, what to bring to your first conversation, and what changes the longer you’re here. I remember sitting across from a […]
No Canadian Credit History? You Can Still Buy in Alberta Read More »
TL;DR: Closing costs in Alberta typically run between 1.5% and 3% of your home’s purchase price. On a $450,000 home, that’s roughly $6,750 to $13,500 on top of your down payment. The good news: Alberta has no provincial land transfer tax, making it one of the most affordable provinces to close in. Here’s exactly what
Closing Costs in Alberta: What First-Time Buyers Actually Need to Budget For Read More »
TL;DR The FHSA can put up to $40,000 of tax-free savings toward your first home — but only if three things line up: you open it at the right time, you contribute consistently, and your purchase timing gives the account enough years to build. Miss any one of those and you leave money on the
Your FHSA Has Three Moving Parts. Most Alberta Buyers Only Think About One Read More »
TL;DR: A co-signer goes on both the mortgage and the title — they become a part-owner of your home. A guarantor goes on the mortgage only. These are not interchangeable terms, and which one your family member signs can affect their credit, taxes, and borrowing power for years. Here’s how to know the difference before
Co-Signer vs. Guarantor in Alberta: Not the Same Thing Read More »
Bill C-4 became law on March 12, 2026. If you’re a first-time buyer purchasing a new build in Alberta, you may be eligible for up to $50,000 back in GST. The eligibility rules are strict and easy to misread — and one mistake costs you the entire rebate. This post explains exactly how it works,
The GST Rebate Alberta First-Time Homebuyers Can’t Afford to Miss — Up to $50,000 Back Read More »
Federal changes now let all first-time buyers and new construction purchasers stretch payments—here’s exactly who qualifies and how to maximize your savings The Bottom Line Up Front Canada’s expanded 30-year mortgage rules are helping Alberta first-time buyers save hundreds monthly on home purchases. These federal changes, fully implemented since December 15, 2024, have opened new
How Alberta’s 30-Year Mortgage Rules Can Save You $200+ Monthly Read More »
