Found 6 blog entries tagged as Calgary buyers.

Deciding whether to rent or buy a home is one of the biggest financial choices Calgarians face today. With rising interest rates, changing inventory levels, and fluctuating prices, the answer isn’t one-size-fits-all. Let’s break down the pros, cons, and key factors to help you decide which option works best for you.

The Case for Buying in Calgary

1. Building Equity Over Time

When you purchase a home, your mortgage payments contribute to building equity — a long-term investment rather than money spent on rent.

2. Stable Monthly Payments

Fixed-rate mortgages can offer stability compared to rent, which may increase annually depending on market demand.

3. Tax and Investment Advantages

Owning real estate often comes with tax benefits, plus…

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Buying a home in Calgary is an exciting milestone—but many first-time and even repeat buyers are surprised by the hidden costs that come along with the purchase. Beyond your down payment and mortgage, here are the expenses you should plan for to avoid financial surprises.

1. Home Inspection Fees

Before you commit, a home inspection is essential. In Calgary, inspections typically cost $400–$700, depending on the property size and whether you add services like radon or mold testing. While it feels like an extra expense, it can save you from costly surprises later.

2. Legal Fees and Disbursements

Hiring a real estate lawyer is required to complete the purchase. Expect to budget $1,000–$2,000 for legal services, title registration, and other…

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Understand Closing Costs When Buying a Home in Alberta!

If you're preparing to buy a home in Calgary, you've likely heard the term “land transfer tax” come up during your research. But here's the good news: Alberta is one of the few provinces in Canada that does not charge a traditional land transfer tax.

That said, there are other government fees and closing costs you should understand before signing on the dotted line. In this post, we’ll break it all down for you — simply and clearly.

What Is Land Transfer Tax?

A land transfer tax (LTT) is a provincial fee charged when the ownership of property is transferred from one person to another. It’s common in places like Ontario, BC, and Quebec, where buyers can pay thousands of dollars in land…

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The Bank of Canada has held the overnight interest rate at 2.75%, with the Bank Rate remaining at 3.00%.
This decision reflects ongoing uncertainty tied to U.S. tariffs, global trade tensions, and their impact on the Canadian economy.

Global Economic Outlook 2025

  • U.S. economic growth slowed in early 2025, though the labour market remains resilient.

  • The Eurozone posted modest gains, while China offset export losses to the U.S. with gains in other markets.

  • Oil prices remain stable; global equity markets are strong; and the Canadian dollar has strengthened against a weakening U.S. dollar.

  • Global GDP growth is forecasted to slow to 2.5% by the end of 2025, with a projected rebound to ~3% in 2026–27.

Canadian…

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Buying or building a new home? You may be eligible for a tax rebate through the federal government’s GST/HST New Housing Rebate—a program that helps Canadians recover some of the taxes paid on new or significantly renovated homes. Whether you're working with a builder or managing your construction, this rebate can put thousands back in your pocket.

What Is the New Housing Rebate?

This rebate allows you to recover a portion of the Goods and Services Tax (GST) or the federal part of the Harmonized Sales Tax (HST) on:

  • New or substantially renovated homes purchased from a builder
  • Owner-built homes or major renovations
  • Shares in new cooperative housing units

The key condition: the home must be used as the primary residence by you or a…

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When purchasing a home, a professional inspection is crucial. It provides an objective assessment of the property's condition, helping you make an informed decision. Understanding the distinctions between minor issues, major concerns, and deal breakers can guide your negotiation and future maintenance plans.

What Does a Home Inspection Involve?

A home inspector conducts a thorough evaluation of the property, examining areas that might be overlooked during a casual walkthrough. Their assessment typically includes:

Exterior Components

  • Grading and Drainage: Ensuring water flows away from the foundation.
  • Driveways and Walkways: Checking for cracks or uneven surfaces.
  • Decks and Railings: Assessing structural integrity and safety.
  • …

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