Buying Your First Home in Edmonton? Let’s Make It Simple and Stress-Free

I’ll walk you through every step—from mortgage pre-approval to getting the keys. Real advice, real support, and no runaround.

Buying Your First Home Can Feel Like Learning a Whole New Language

Between mortgages, down payments, closing costs, bidding wars, and the fine print, it’s easy to feel like you’re in over your head. Most first-time buyers aren’t sure where to start, what they can afford, or who to trust. You want to make a smart decision—but there’s a lot riding on it, and it can all start to feel pretty overwhelming.

It’s Not Just About Finding a House—It’s About Getting the Whole Picture Right

You’re dealing with financial decisions, paperwork, timelines, and emotions—often all at once. On top of that, you might be getting advice from a dozen directions (some helpful, some not so much). The wrong step could cost you thousands. And working with separate agents and mortgage brokers can feel like you’re managing a team without a coach.

Let’s Break It Down Together—With One Pro Who’s Got You Covered on Both Sides

Bringing Real Estate and Mortgages Under One Roof

I’m Zenon Komarniski, and I help first-time home buyers in Edmonton make confident moves with less stress. I’m both a real estate agent and a licensed mortgage broker, which means I help you line up your financing, find the right home, and understand each step—without handing you off to someone else.

Here’s what you’ll get when we work together:

One Person for Real Estate and Mortgage Support

I help you get pre-approved, break down your budget, and find homes that actually fit your numbers—so you don’t waste time or energy on the wrong ones.

Simple, Clear Explanations—No Jargon

We’ll walk through terms like “fixed vs. variable,” “CMHC insurance,” and “closing costs” in plain English. You’ll always know what’s happening and why.

A Buying Plan That Works for You

Whether you’re early in the process or ready to buy, we’ll create a custom step-by-step plan that fits your life, goals, and financial comfort zone.

Honest Advice, Zero Pressure

I’ll give you real-world guidance without pushing you into something that doesn’t feel right. You’re the decision-maker—I’m just here to help you make a smart one.

First-Time Home Buyer Financing in Edmonton: What You Should Know

As a mortgage broker, I’ll walk you through financing options that first-time buyers can actually use—and explain how they work in real life. Here are a few key programs:

First Home Savings Account (FHSA)

Save up to $40,000 tax-free toward your first home. You can contribute up to $8,000 per year, and when you’re ready to buy, your withdrawals—including investment gains—are completely tax-free, with no repayment required.

Learn more about the FHSA

RRSP Home Buyers’ Plan (HBP)

You can now withdraw up to $60,000 from your RRSP (per person) to help with your down payment—tax-free, as long as you pay it back over 15 years. It’s a smart way to use your own savings to get into a home faster.

Learn more about the HBP

5% Down Payment Programs

You can buy a home with as little as 5% down. I’ll walk you through how much you’ll need, what lenders look for, and how to structure your mortgage for long-term success.

Get the Home Buying Blueprint that discusses this topic further.

CMHC Mortgage Insurance

If you’re putting less than 20% down, you’ll need mortgage insurance. I’ll help you understand what it costs, how it works, and how it affects your payment.

CMHC Insurance Details

FAQ: FIRST TIME HOME BUYERS

What is RECA, and how does it help first-time home buyers in Alberta?

RECA (Real Estate Council of Alberta) is the organization that regulates real estate professionals in Alberta. If you’re buying your first home, RECA’s website is a great place to learn about your rights as a buyer, how real estate transactions work, and what to expect when working with a licensed agent.

Visit RECA for buyer resources

How does the First Home Savings Account (FHSA) help first-time home buyers in Edmonton?

The FHSA lets first-time home buyers in Edmonton save up to $40,000 tax-free for a down payment. You can contribute $8,000 per year, and the money (plus investment gains) can be withdrawn tax-free when you’re ready to buy your first home—no repayment needed.

Can I use both the FHSA and the RRSP Home Buyers’ Plan for a mortgage in Edmonton?

Yes! First-time buyers in Edmonton can combine the FHSA and the RRSP Home Buyers’ Plan (HBP) to maximize their down payment. Together, they could help you access up to $100,000 or more in tax-advantaged savings toward your first home.

How much do I need for a mortgage down payment in Edmonton as a first-time buyer?

Typically, first-time home buyers in Edmonton need at least 5% of the purchase price for a down payment. Programs like the FHSA and HBP can help you reach that number faster with tax-free or tax-deferred savings options.

Does Edmonton have any first-time home buyer programs?

Yes! The City of Edmonton’s First Place Program offers affordable homes for eligible first-time buyers in specific neighborhoods. These properties often include a deferred land payment option, which can lower your upfront costs. It’s worth checking out if you’re looking for a more budget-friendly entry into the market.

Explore the First Place Program

What are the benefits of the RRSP Home Buyers’ Plan for Edmonton first-time buyers?

With the HBP, you can withdraw up to $60,000 from your RRSP (per person) tax-free to put toward a qualifying home in Edmonton. As long as you repay it over 15 years, you won’t pay tax on the withdrawal.

Do first-time home buyers in Edmonton qualify for lower mortgage rates?

While “first-time buyer rates” aren’t a set rule, many mortgage lenders in Edmonton offer competitive terms and incentives to help first-time buyers get approved—especially if you’re working with a mortgage broker who can shop around on your behalf.

How can I estimate my mortgage payments as a first-time buyer in Alberta?

You can use the CMHC Mortgage Calculator to get a rough idea of your monthly payments, insurance premiums, and what you’ll need for a down payment. It’s a helpful tool for first-time buyers trying to figure out what they can realistically afford before getting pre-approved.

Try the CMHC Mortgage Calculator

How can I make buying my first home in Edmonton less overwhelming?

Working with a local mortgage advisor and real estate agent who understands the Edmonton market (like me!) can make all the difference. I help first-time buyers navigate programs like the FHSA and HBP, get pre-approved, and find the right mortgage solution all in one place.

Learn more here.

Make your first step today

Your First Time Home Buyer Strategy Roadmap

Whether you’re just starting to think about buying a home or already have a place in mind, I’ll help you take the next step with confidence. No pressure, just a chat — fill out the form below to get started.

First Time Home Buyer Form

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