OUR MISSION

The first step is usually to speak with a mortgage professional and get pre-approved. This helps you understand your budget, estimated monthly payment, down payment needs, and what price range makes sense before you start seriously viewing homes. A lender may review your income, debts, documents, and credit as part of the pre-approval process.

Yes. Your credit history and credit score can affect mortgage approval, available lenders, interest rates, and the type of mortgage options you may qualify for. Lenders also consider income, debts, down payment, employment, and the property itself.

In Canada, the minimum down payment depends on the purchase price. Homes $500,000 or less typically require at least 5 percent down. For homes over $500,000 and under $1.5 million, the minimum is usually 5 percent on the first $500,000 and 10 percent on the amount above $500,000. Homes priced at $1.5 million or more generally require at least 20 percent down. Mortgage default insurance may apply when putting less than 20 percent down.

In Alberta, buyers should usually budget for costs such as legal fees, title insurance, land title registration fees, home inspection, appraisal if required by the lender, property tax adjustments, moving costs, and home insurance. Alberta does not have the same land transfer tax structure as some other provinces, but there are still closing costs that should be planned for.

Common seller costs may include real estate commissions, legal fees, mortgage payout or discharge costs, possible prepayment penalties, moving costs, cleaning, repairs, staging or preparation, and any agreed adjustments at closing. The exact amount depends on your property, mortgage, contract terms, and selling strategy.

Property taxes are typically adjusted between the buyer and seller at closing. If you have already paid taxes for a period when the buyer will own the home, the buyer usually reimburses you for their share through the lawyer’s statement of adjustments. If taxes are unpaid, the seller’s share is usually accounted for at closing.

A home’s value depends on recent comparable sales, current competition, location, size, condition, upgrades, layout, lot, market demand, and timing. A proper pricing strategy looks beyond online estimates and considers how buyers are currently reacting to similar homes in your area.

No. Reaching out is simply the first conversation. You can ask questions, understand your options, and decide what makes sense before moving forward.