Found 2 blog entries tagged as first-time buyers.

Buying your first home is a huge milestone—and if you’re looking in Calgary, you’re in a great place to start. Whether you’re tired of renting or ready to build equity, this guide walks you through everything you need to know as a first-time buyer in Calgary.

1. Understand Your Budget

Before you fall in love with a home, know how much you can afford. Consider:

  • Your down payment (minimum 5% in Canada)
  • Monthly mortgage payments
  • Property taxes and home insurance
  • Closing costs (legal fees, inspection, etc.)

Tip: Get pre-approved for a mortgage before house hunting. It shows sellers you’re serious—and helps narrow your search.

2. Choose the Right Calgary Neighborhood

Do you want a quiet suburban community or a downtown condo…

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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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