Buy With Us
We are a well-established team of Realtors within the local St. Albert and Edmonton community with access to an extensive network to help you find the perfect home. Our team is diverse and highly versed in navigating the home-buying process. As a buyer, you can feel confident that you’re in good hands when working with our dedicated and passionate real estate associates. With our extensive knowledge and experience, we can provide you with the best advice to help you achieve your goals.
First-Time Home Buyers
The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada, which offers 5% for a first-time buyer’s purchase of a resale (existing) home.
These are a few criteria to determine your eligibility for the First-Time Home Buyer Incentive:
- Your total annual qualifying income doesn’t exceed $120,000 ($150,000 if the home you are purchasing is in Toronto, Vancouver, or Victoria)
- Your total borrowing is no more than four times your qualifying income (4.5 times if the home you are purchasing is in Toronto, Vancouver or Victoria )
- You or your partner are a first-time homebuyer
- You are a Canadian citizen, permanent resident or non-permanent resident authorized to work in Canada
- You meet the minimum down payment requirements with traditional funds (savings, withdrawal/collapse of a Registered Retirement Savings Plan (RRSP), or a non-repayable financial gift from a relative/immediate family member)
Let's Talk
Email | ryan@ryansellers.com
Phone | 780-994-4663
Office Address | 156 St Albert Trail #10, St. Albert, AB T8N 0P5
Brokerage Address | 8 Columbia Ave W #1c, Devon, AB T9G 1Y6