Are you new to Canada and thinking about buying a home in Calgary? If so, you're certainly not alone! Calgary has become a popular destination for newcomers from around the world.

I know from personal experience how important it is to feel settled in your adopted country. You've moved here to build a new life, perhaps with your family, and finding a place to call home is an important part of that journey.

Buying a home in a new country can feel overwhelming. Here are some important things to consider when buying your first home in Calgary.

Choose the right neighbourhood

Calgary offers a wide variety of neighbourhoods, each with its own character, amenities and lifestyle. Think about the type of environment you prefer. Would you enjoy a busy, vibrant neighbourhood with plenty of activity, or would you rather live somewhere quieter with more green space?

Consider the availability of grocery stores, restaurants, places of worship, parks, recreation facilities and community centres. You may also want to explore communities with cultural associations and services that help newcomers connect with others who share similar backgrounds and interests.

Research schools and childcare

If you have children, access to good schools and childcare facilities will likely be high on your priority list. Calgary has both public and separate school systems, along with alternative and specialized educational programs. Before purchasing, find out which schools serve the neighbourhood and whether your children will qualify for the programs you're interested in.

Consider transportation as well. Can your children walk to school, or will they need a school bus or a ride? Are there convenient childcare facilities and after-school programs nearby?

Understand your mortgage options

One of the biggest challenges for newcomers can be qualifying for a mortgage. Canadian lenders typically look at your income, employment history, credit history, existing debts and down payment.

If you've recently arrived, you may not have an established Canadian credit history. However, this doesn't necessarily mean you cannot qualify for financing.

Some lenders and mortgage insurance programs have options specifically designed for newcomers. The Canada Mortgage and Housing Corporation (CMHC), for example, offers newcomer mortgage insurance programs that may consider alternative credit references, including international credit reports and letters from financial institutions in your previous country.

Downpayment and closing costs

Before starting your home search, establish a realistic budget. Consider how much you can afford for a down payment and remember that you'll need additional funds to complete the purchase.

Depending on the home's purchase price and mortgage arrangements, you may qualify to buy with a down payment starting at 5%. However, the minimum requirements vary according to the purchase price and applicable mortgage rules.

You'll also need to budget for closing costs, which may include legal fees, title registration fees, a home inspection, property tax adjustments, insurance and moving expenses.

Alberta does not have a traditional land transfer tax, but buyers still pay land title registration fees and other transaction-related costs.

Understanding the home-buying process

In Alberta, the process generally involves making an offer through a purchase contract, negotiating the terms, completing any agreed-upon conditions and arranging financing before the closing date.

Conditions may include mortgage approval, a satisfactory home inspection and reviewing condominium documents, where applicable.

You'll also need an Alberta real estate lawyer to help with the legal transfer of ownership and registration of the property.

One important consideration for some newcomers is Canada's federal restriction on residential property purchases by non-Canadians, which is scheduled to remain in effect until January 1, 2027. Canadian citizens and permanent residents are exempt, and certain temporary residents qualify. If you're not a permanent resident, check your eligibility with a qualified legal professional before proceeding.

In closing

Buying a home in a new country is a major milestone, and you don't have to navigate the process alone. Having an experienced Calgary real estate professional on your side can make a tremendous difference.

And, that’s where I can lend my expertise. Let's find a home where your next chapter in Canada can begin!