How much do you REALLY need to buy a home in Calgary? đź’°
There’s a lot of misinformation out there—so let’s clear it up 👇
👉 You do NOT need 20% down
👉 And it’s NOT 5% no matter the price
Here’s how it actually works in Canada 🇨🇦
✔️ 5% down on the first $500,000
✔️ 10% on the portion between $500,000–$999,999
✔️ 20% required for homes $1M+
So yes… the higher the price, the more you need.
But here’s what most buyers don’t realize 👇
👉 Your down payment is only part of the story
👉 You also need closing costs (approx. 1.5%–4%)
👉 Your approval amount matters more than your savings
And the BIG one 👇
👉 Buying the right property in the right market matters more than timing
The good news?
There are still ways to get into the Calgary market with less than you think—IF you have a plan.
Thinking about buying?
📩 DM me “START” and I’ll break down exactly what you need based on your situation
#calgaryrealestate #yycrealestate #homebuyingtips #calgaryhomes #downpayment #firsttimehomebuyer #yyc #calgaryrealtor #albertarealestate #homeowners
