Pre-approval, deposit, conditions, possession — your step-by-step guide.
Buying your first home is the single largest financial commitment most Albertans will ever make. Start with a true mortgage pre-approval — not just a rate hold — so you know your budget and the conditions you can comfortably remove. Build a deposit equal to at least five percent of purchase price plus three percent for closing costs. Work with a REALTOR® who explains every clause before you sign, and never waive conditions like financing and home inspection without explicit advice.