Down payment
Minimum 5% on the first $500,000 and 10% on the portion above, for homes under $1.5M.
First-time home buyers in Edmonton
Buying your first home should feel exciting, not confusing. We unpack the whole process.
Mortgage insurance
Required with less than 20% down; added to your mortgage.
Closing costs
Budget roughly 1.5% for legal, inspection and adjustments.
Programs
Ask about the FHSA, RRSP Home Buyers' Plan and GST rebates on new builds.
How Edmonton buyers get approved in 5
1. Apply in 2 minutes
A short, secure form — no SIN, no banking details.
2. Instant online review
Our system gives you an immediate estimate of your buying power or refinance options.
3. 5-minute call
A licensed mortgage professional confirms the details and your pre-approval.
4. Welcome email
You receive a document checklist and disclosures so you can shop with confidence.
Ready? Get approved in 5.
Instant online estimate. 5-minute call with a licensed Edmonton mortgage pro. No cost, no obligation.
Get approved in 5Refinance / Switch / Renewal