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Down Payments Decoded: What Your Savings Mean for Homeownership in Alberta
April 30, 2025 | Posted by: Angela Robinson
Saving for a down payment is one of the biggest milestones toward owning a home — but how far your savings stretch depends a lot on where you buy!
Here in Alberta, your down payment can go much further than in many of Canada's high-cost markets:
✨ $50,000 Down Payment?
- In Calgary and Edmonton, you're already closer to homeownership than buyers in cities like Vancouver or Toronto.
- Mortgage payments typically range from $1,700 to $2,100 per month — much more affordable compared to the $3,000+ payments seen elsewhere.
✨ $100,000 Down Payment?
- A $100K down payment can cover up to 23% of a home’s price in Edmonton — avoiding costly CMHC insurance and giving you a head start toward building equity.
✨ $150,000 - $200,000+ Down Payment?
- In cities like Calgary, Edmonton, and Saskatoon, a $150K or $200K down payment can slash monthly mortgage payments to as low as $943.
- Dreaming bigger? In markets like Regina or Thunder Bay, $250K+ can nearly eliminate mortgage costs!
✨ What’s the Bottom Line? Whether you're putting $50K or $250K toward your first home, Alberta offers some of Canada's best opportunities to turn your savings into homeownership — with lower monthly costs and strong investment potential.
Ready to find out how your down payment can work for you?
???? Connect with Alberta Mortgage Professionals today and unlock the doors to your future!
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