Calgary Real Estate Buyers

Step one is getting pre-approved for a mortgage. When you get pre-approved, you know exactly what you can afford. That knowledge informs all the other choices you make, from neighbourhood to home style.

Depending on market conditions as well as the neighbourhood you select, buying a house can take several months. Our community pages have market statistics on homes for sale in that area, including how long they generally stay on the market.

You’ll need 5% for homes under $500,000. For more expensive homes, budget 5% for the first $500,000 home value and another 10% for the remaining amount. For homes priced at a million dollars or more, the down payment minimum is 20%.

We have up-to-date MLS® listings of Calgary homes, including new developments, condos, and townhouses. Contact us and let us know the development you’re interested in. We’d be happy to look into available properties for you.

At the most recent count, there are over 200 distinct neighbourhoods in Calgary and the surrounding area! This means you’ll have plenty of options to choose from as you determine where to find your new home.

We’ve developed comprehensive guides to Calgary’s communities that can help you narrow down your search. When you first meet with your Calgary real estate agent, you can discuss the life you envision for yourself and the property type that you think will suit your needs. From there, our Agents can make a neighbourhood recommendation.

Every neighbourhood has its own character, charm, and amenities. The best neighbourhood for you depends on your lifestyle and the type of property you’re looking to own. According to a recent evaluation by Avenue Magazine, the current top-rated neighbourhoods in Calgary are Brentwood, Huntington Hills, and Bowness.

You’re not required to obtain a home inspection by law, but in practice it’s a good idea. A home inspection can alert you to problems within the condo before you commit to buying. If you’re buying a brand-new condo, you will instead receive a PDI (pre-delivery inspection) which you can supplement with your own private inspection if you choose.

Pre-construction sales are condos sold before construction is complete. Sale of existing condos is usually referred to as condo resale. You’ll want a real estate agent with experience in pre-construction sales when buying a new condo, as there are many complexities and differences compared to resales.

In general, pre-approval mortgage rates have a limited window in which they can be claimed. Your pre-approval rate will likely be held for 30-120 days. If your condo construction will extend beyond that window, you will have to determine your new mortgage rate. An experienced pre-construction Agent can explain the options to you.

A townhouse typically has a separate front and back entrance, multiple floors, and one or more communal walls. A townhouse can be a nice balance between the space and indepence of home living and the communal ownership and community spirit of condo living.

Most townhome complexes have a board or owner’s association to handle groundskeeping, communal area maintenance, hiring of contractors, etc. As a townhouse owner, you’re generally responsible only for the interior of your unit, not the outdoor properties.

In general, you will have to pay fees to your townhouse association. These fees cover general maintenance, repairs, landscaping, service costs, and other expenses that are shared throughout the community. Your Calgary real estate agent can help you understand the costs and fees associated with a townhouse purchase.