It's a big step — and it doesn't have to be confusing. I'll walk you through your down payment, get you properly pre-approved, and find a first-time-buyer rate that works, all in plain language.
Today's First-Time Buyer Rates
Insured (high-ratio) pricing for buyers putting less than 20% down — the rates most first-time buyers qualify for, and usually the sharpest available. Updated daily. .
Rates shown are for illustration only, are subject to change without notice, and are not an offer or approval of credit. O.A.C. Insured (high-ratio) rates apply to eligible owner-occupied purchases with less than 20% down and mortgage default insurance. Actual rates vary by lender, term, property and qualification.
Start here
In Canada you can buy with as little as 5% down on the first portion of a home's price, with a tiered minimum as the price climbs. Putting less than 20% down means your mortgage is insured (high-ratio) — which is completely normal for first-time buyers and usually comes with the sharpest rates.
A real pre-approval tells you exactly what you can spend and locks a rate hold while you shop — so you can make an offer with confidence and protect yourself if rates rise. It also shows realtors and sellers you're serious.
There are tools that can help first-time buyers, like the Home Buyers' Plan (borrow from your RRSP toward your down payment) and the First Home Savings Account (FHSA). Which ones fit depends on your situation — I'll flag the ones that apply to you so you don't leave anything on the table.
Program details and eligibility are set by the federal government and can change; treat this as a starting point and confirm current rules for your situation.
Why buyers choose a broker
No jargon, no pressure. Ask me anything — first-time buyers usually have a hundred questions and that's exactly what I'm here for.
One application, shopped widely, so your first mortgage starts on the best rate and terms available to you.
You deal with me directly, on Calgary time — quick answers when your realtor and the offer clock are moving.
How it works
We talk budget, down payment and timing, and I explain what to expect — no commitment.
I get you pre-approved with a firm rate hold so you can shop and offer with confidence.
When you find the one, I finalize your mortgage and walk you through to closing day.
Start your application or book a free, no-obligation call and let's get you pre-approved.