“Smart Steps to Buying a Home in Alberta.”

1. Get Pre-Approved Before You Start Looking

A mortgage pre-approval shows how much you can afford and locks in an interest rate for a set time. It also strengthens your offer when you find the right home.

2. Understand the Total Costs

In Alberta you’ll need to budget for:

Down payment
Closing costs (usually 1–3 percent of the purchase price)
Home inspection
Condo document review (if buying a condo)
Moving costs
Ongoing maintenance

There is no land transfer tax in Alberta, which saves you money compared to other provinces.

3. Know the Market in Your Area

Real estate varies across Edmonton, Calgary, and smaller towns. Work with a Realtor who knows the neighborhood so you understand pricing trends and what to expect.

4. Do a Home Inspection

Always get a full inspection, even for new builds. Alberta homes experience freeze–thaw cycles and shifting soil. An inspection can reveal foundation issues, roofing problems, furnace age, plumbing, and more.

5. Review Real Property Report (RPR) & Compliance

In Alberta the seller usually provides an up-to-date Real Property Report. Make sure:

It is current
It shows the correct boundaries
It has municipal compliance

This protects you from dealing with encroachment issues later.

6. Understand Condo Purchases (If Buying a Condo)

Review:

Reserve fund study
Bylaws
Management reports
Financial statements

Look for healthy savings and no upcoming major special assessments.

7. Factor in Utility Costs

Alberta winters can be expensive. Review the seller’s past utility bills to understand heating costs, especially for older homes with less insulation.

8. Check for Flood, Fire & Insurance Risks

Ask about:

Flood zones
Sewer backup history
Fire insurance requirements
Whether the area uses wells or septic systems (common in acreages)

9. Don’t Skip the Lawyer

An Alberta real estate lawyer will:

Review contracts
Handle title transfer
Manage funds
Verify property taxes

Legal fees are usually reasonable and offer peace of mind.

10. Think Long-Term

Consider resale value, neighborhood growth, school districts, commute times, and future development plans. Alberta cities grow fast and zoning changes can impact you.

11. Avoid Emotional Overbidding

Stay within your budget. Markets fluctuate, and paying more than you can afford leads to stress.

12. Work With a Realtor You Trust

Choose someone who listens to your needs, explains the Alberta buying process clearly, and protects your best interests—not someone who rushes you.