First-Time Buyer? Here’s What You Actually Need for a Down Payment in Alberta
In Canada, the minimum down payment is 5% on homes under $500,000, and 5% on the first $500,000 plus 10% on any amount above that, up to the $1.5 million insured mortgage cap. Buyers putting down less than 20% must get mortgage default insurance, typically through CMHC. First-time buyers and new construction buyers can also […]
Buying an Acreage in Southern Alberta — A Complete Guide
Acreage ownership is one of the most rewarding moves you can make — more space, more privacy, room for animals, and views you just don’t get in town. It’s also a different kind of purchase than buying a house in Okotoks or Calgary. You’re not just buying a home; you’re taking on your own water […]