Key Tips for Buying a Home in 2025

Market Trends:

Falling interest rates and inflation could make early 2025 a great time to buy.

Residential markets in cities like Calgary may favor buyers due to increased inventory.

Are You Ready to Buy?

Consider stability in career, finances, and living plans.

Factor in all homeownership costs beyond the mortgage (e.g., taxes, maintenance).

When to Contact a REALTOR®:

Start early; REALTORS® connect you with professionals, guide you through the process, and help negotiate the best deals.

Preparation Steps:

List your home preferences and neighborhoods.

Check your credit score and get pre-qualified for a mortgage.

Research available homebuyer programs (e.g., FHSA, tax credits).

Maximize Your Down Payment:

Save consistently and explore savings accounts, GICs, or FHSAs for growth.

First-Time Buyer Advice:

Start with an affordable home to build equity.

Test your budget by living as if you already own a home.