Buying your first home is one of life’s biggest milestones. 🏡✨ It’s exciting, rewarding, and—if we’re honest—a little overwhelming. In a fast-moving city like Calgary, where the market can shift with the seasons, preparation is everything.
Whether you’re eyeing a downtown condo, a suburban family home, or something in between, these tips will help you navigate the process with confidence.
1. Get Pre-Approved Before You Shop 💸
One of the biggest mistakes first-time buyers make is falling in love with a home before they know their budget. A mortgage pre-approval gives you clarity on:
How much you can borrow
Your estimated monthly payments
What price range to shop in
👉 Pro tip: Pre-approval also shows sellers you’re serious—giving you an edge in multiple-offer situations.
2. Budget for Closing Costs 📑
Beyond the down payment, there are extra costs first-time buyers sometimes forget:
Lawyer fees
Home inspection costs
Property taxes + insurance adjustments
Land title transfer fees
These can add up quickly—plan for 1.5–3% of the purchase price in closing costs.
3. Research Neighbourhoods 🏙️
Your home isn’t just four walls—it’s also the community around it. Calgary offers a wide range of neighbourhoods, each with its own vibe:
Downtown/Mission: great for walkability + nightlife
Suburbs like Mahogany or Silverado: family-friendly with schools and green space
Inner-city areas like Altadore or Bridgeland: trendy with easy access to downtown
Think about lifestyle, commute times, schools, and amenities when choosing.
4. Think Long-Term 🕒
It’s tempting to buy the “right now” home—but moving is expensive. Instead, look for a property that works today and fits your 5–7 year plan. Consider:
Will your family grow?
Do you need a home office or extra space?
Will resale value hold in the neighbourhood you choose?
5. Work with a REALTOR® 🤝
A professional REALTOR® is more than a door opener—they’re your guide through one of the biggest financial decisions of your life. From negotiating price to reviewing contracts and conditions, having an expert on your side protects your investment.
FAQs: First-Time Home Buyers in Calgary
Q: How much do I need for a down payment?
The minimum in Canada is 5% of the purchase price (with some exceptions).
Q: Should I buy new construction or resale?
Both have pros and cons—new builds offer modern finishes but may come with delays, while resale homes are move-in ready and often in established neighbourhoods.
Q: How do I know if I’m ready to buy?
If your finances are stable, you’ve saved for a down payment and closing costs, and you plan to stay in Calgary for 3+ years, you may be ready.
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Conclusion
Buying your first home in Calgary doesn’t have to be stressful. By getting pre-approved, planning for closing costs, researching neighbourhoods, and thinking long-term, you’ll set yourself up for success. And with the right REALTOR® in your corner, the process can be smoother—and even fun.
✨ Ready to start your home-buying journey? DM me “FIRST HOME” and I’ll send you my free First-Time Buyer’s Guide.
About Kristen Edmunds
Kristen Edmunds is a Calgary-area REALTOR® and Associate Broker with KIC Realty, specializing in acreages, luxury homes, and smart buy/sell strategies. With expertise in rural properties (water wells, septic, equestrian facilities) and a client-obsessed approach, Kristen helps buyers and sellers achieve their real estate goals with confidence and ease.
