Step-by-Step Support for Every Stage

Buying a home is one of the most exciting decisions you’ll ever make. Whether it’s your first home or your forever home, the process can feel overwhelming at times. With so much to consider—finances, market trends, neighbourhoods, and more—it’s easy to feel unsure about where to start.

That’s where this resource page comes in. It’s designed to guide you step-by-step through the homebuying journey, giving you the tools, insights, and confidence to make informed decisions every step of the way. From understanding the current market to writing a winning offer, this page is packed with everything you need to know.

Table of Content

Steps of Buying a Home
Financing and Budgeting
Market Trends
Assessing Your Needs
New vs Resale Home
Writing an Offer
Conditions
Closing
Moving

Steps of Buying a Home

  1. Assess Your Needs

  2. Prepare Finances and Budget

  3. Explore Inventory

  4. View Homes

  5. Write an Offer

  6. Conditions

  7. Closing

  8. Possession and Moving 

First Time Home Buyer Tips

Buying your first home is exciting but requires planning. Set a realistic budget, get pre-approved for a mortgage, and consider programs like the RRSP and FHSA to save for your down payment. Choose a neighbourhood that fits your lifestyle, and don’t forget hidden costs like insurance, taxes, and maintenance. With preparation, your first home purchase can be smooth and rewarding.

Financing

Securing a mortgage is one of the most important steps in buying a home. In Canada, lenders consider factors like your income, credit score, debt, and down payment to determine how much you can borrow. Getting pre-approved gives you a clear budget and strengthens your offer when house hunting. You’ll also need to pass a mortgage stress test and account for additional costs like closing fees and insurance. Understanding your financing options early can make the process smoother and help you secure the best rates.

Budgeting

In addition to upfront costs, plan for monthly expenses like taxes, utilities, and maintenance. Build an emergency fund for unexpected repairs and regularly review your budget to stay on track. Using programs like the RRSP and FHSA can help you save faster while enjoying tax benefits. By budgeting wisely, you’ll confidently manage the costs of homeownership.

Market Trends

Detached

$568K

(1.2% MoM, +11.9% YoY)

View Detached

Semi-Detached

$421K

(-0.1% MoM, +8.9% YoY)

View Semi-Detached

Townhouse

$301K

(-3.5% MoM, +9.1% YoY)

View Townhouse

Apartment

$217K

(7.3% MoM, +19.9% YoY)

View Apartment

If you’re planning to buy a home in the next 3–6 months, now is the time to prepare. With demand high and inventory low, great homes are selling fast. Here’s how you can get ahead:

Updated March

2025

Assessing your Needs

Prime locations often come with higher price tags but can offer convenience, amenities, and long-term value.

Location

Your budget determines what’s possible, but compromises may be needed on location or features.

Price

Features

Stunning features are appealing, but they can mean paying more or looking outside top-tier neighbourhoods.

Finding the Right Neighbourhood

Northwest

Northeast

Central

University and Whyte Ave Area

West

South Edmonton

Southwest

Southeast

 New vs. Resale Homes

New Homes

  • Options for Customization

  • Modern Finishes

  • Newer Engineering

  • Less Maintenance

  • Warranty Coverage

Pros

Cons

  • Higher Prices

  • Additional Upfront Costs

  • Vague Timelines

  • Smaller Lots

  • Location

  • Lacks Character (Cookie Cutter)

Resale Homes

  • Established Neighbourhoods

  • More Selection

  • Larger Lots

  • Easier Timelines

  • Lower Price & Upfront Costs

Pros

  • Wear and Tear

  • Outdated Layouts and Style

  • Maintenance

  • Potential Renovations

  • Older Systems (Heat/Water)

Cons

When purchasing a home, one of the first decisions to consider is whether to choose a brand-new home or a resale home. The great news? Whichever you prefer, I can help you navigate the process and find the perfect fit. A lot of people wonder which option is the “better” choice, but the truth is, it depends on your budget, lifestyle, and preferences. I’ve outlined the key details to help you weigh the pros and cons of each.

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Writing an Offer

You’ve found the perfect home, but in today’s market, multiple-offer situations are common. In these cases, sellers typically set a deadline for offers, and buyers submit their best and final proposals upfront. While price matters, sellers also value clean offers with fewer conditions, shorter timelines, and flexibility. The key to making a competitive offer is balancing a fair, strong price with your comfort level. Using detailed property evaluations, we’ll ensure your offer stands out while staying informed and confident in your decision.

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Conditions

Conditions, also known as contingencies, are safeguards built into a real estate purchase agreement to protect both the buyer and the seller. They establish specific requirements that must be fulfilled for the transaction to move forward.

Closing

Closing is the final step in a real estate transaction where ownership of the property is officially transferred from the seller to the buyer. During this process, all remaining paperwork is signed, funds are transferred, and the title is registered in the buyer's name. It's also when the buyer receives the keys to their new home. Closing typically involves coordinating with lawyers, title companies, or escrow agents to ensure all legal and financial obligations are fulfilled. Once completed, the transaction is officially finalized, and the buyer becomes the property's new owner.