First Time Home Buyer Programs Alberta 2025: Complete Guide | New Homes Alberta

First Time Home Buyer Programs Alberta 2025

Unlock Exclusive Incentives & Save Thousands on Your First Home

Plus: Access MLI Select Investment Opportunities with 5% Down

CALGARY • EDMONTON

Exclusive Access, Exclusive Insights

Buying your first home in Alberta has never been more accessible. With multiple government programs, down payment assistance options, and tax incentives available in 2025, first-time buyers can save tens of thousands of dollars. Our team at New Homes Alberta specializes in connecting buyers with brand new construction homes that qualify for maximum incentives.

Plus: Ask about our MLI Select Program – For qualified investors, access multi-unit properties with just 5% down and up to 50-year amortization. Build wealth through real estate investment!

$40,000 Max FHSA Savings

$60,000 HBP Withdrawal

30 Years First-Time Buyer Amortization

50 Years MLI Select Amortization

VIP BUYER PROGRAMS

All First-Time Buyer Programs Available in Alberta

Plus exclusive access to MLI Select investment opportunities for qualified buyers

Alberta First Time Home Buyer Programs Overview 2025

First Home Savings Account

$40,000

Tax-free savings with tax-deductible contributions

$8,000 annual contribution limit
Tax deductible like RRSP
Tax-free withdrawal like TFSA
Combine with other programs

Home Buyers’ Plan

$60,000

Borrow from your RRSP tax-free

Up to $120,000 for couples
15-year repayment period
No interest charges
Use existing retirement savings

Federal Tax Credit

$1,500

Automatic tax savings for all first-time buyers

$10,000 tax credit amount
Non-refundable credit
Claim on tax return
No application needed

30-Year Amortization

NEW

Extended amortization for new construction

Lower monthly payments
New builds only
Better cash flow
Available since Aug 2024

Calgary Attainable Homes

$2,000

Down payment assistance program

Only $2,000 down required
Below market prices
Income limit: $131,424
Shared appreciation model

Edmonton First Place

5 Years

Land cost deferral program

Defer $30-50K land costs
Income limit: $130,000
Townhome developments
5-year occupancy required

Understanding Down Payment Requirements

Alberta Minimum Down Payment Requirements 2025

Purchase Price	Minimum Down Payment	Example Amount
Up to $500,000	5% of purchase price	$25,000 on $500K home
$500,001 – $999,999	5% first $500K + 10% remainder	$75,000 on $1M home
$1,000,000 – $1,499,999	5% first $500K + 10% remainder	$100,000 on $1.25M home
$1,500,000+	20% of purchase price	$300,000 on $1.5M home

Your Path to Homeownership

First Time Home Buying Journey Timeline Alberta

Calculate Your Buying Power

First Time Buyer Savings Breakdown Calculator

Maximum Combined Assistance Example

A couple buying their first home can access:

✓ FHSA: $40,000 × 2 = $80,000
✓ HBP: $60,000 × 2 = $120,000
✓ Tax Credit: $1,500
✓ Total: Up to $201,500 in assistance!

Program Comparison & Eligibility

Program	Maximum Benefit	Income Limit	Best For
FHSA	$40,000 tax-free	None	Planning 1-5 years ahead
Home Buyers’ Plan	$60,000 withdrawal	None	Those with RRSP savings
First-Time Tax Credit	$1,500 rebate	None	All first-time buyers
Attainable Calgary	$2,000 down payment	$131,424	Calgary buyers with limited savings
First Place Edmonton	$30-50K deferral	$130,000	Edmonton townhome buyers

New Construction Advantages

Builder Incentives

Free upgrades packages
Appliances included
Closing cost assistance
Preferred lender rates

Warranty Protection

1 year workmanship
2 years systems
5 years envelope
10 years structural

Financial Benefits

GST rebate up to $6,300
30-year amortization
Energy cost savings
No immediate repairs

Frequently Asked Questions

Can I combine multiple first-time buyer programs?

Yes! You can combine federal programs (FHSA, HBP, tax credit) with municipal programs like Attainable Homes Calgary or Edmonton’s First Place. This stacking of benefits maximizes your buying power.

What qualifies as a “first-time” buyer?

Generally, you qualify if you haven’t owned a home in the past 4 years. Some programs have specific definitions – check each program’s requirements.

How much income do I need for a $500,000 home?

With 5% down, you typically need $90,000-$110,000 household income, depending on debts and interest rates. The 30-year amortization for new builds can reduce this requirement.

Are pre-construction homes eligible for these programs?

Yes! Pre-construction homes qualify for all programs and offer additional benefits like builder incentives, time to save while building, and the 30-year amortization option.

What credit score do I need?

Minimum 600 for CMHC insurance, but 650+ gets better rates. Scores above 700 qualify for the best mortgage rates. If your score is lower, spend a few months improving it before applying.

Should I wait for prices or rates to drop?

While timing the market is difficult, first-time buyer incentives are available now. With programs like FHSA offering tax benefits and new construction providing 30-year amortization, many buyers find it advantageous to start the process rather than wait.

Can first-time buyers use the MLI Select program?

While MLI Select is primarily for investment properties (5+ units), first-time buyers with sufficient net worth (25% of property value) can qualify. Many successful investors start with their first home using traditional programs, then leverage MLI Select for wealth building.

Beyond Your First Home: The MLI Select Investment Opportunity

Exclusive MLI Select Program – Build Wealth Through Multi-Unit Investment

Once you’ve secured your first home, or if you’re ready to think bigger, our team specializes in the CMHC MLI Select program – offering unprecedented investment opportunities with just 5% down on multi-unit properties (5+ units) and up to 50-year amortization.

MLI Select Basics

5% Down

Investment properties with minimal capital

5+ unit properties qualify
Up to 95% financing
50-year amortization available
Commercial mortgage structure

Financial Requirements

25%

Net worth requirement of property value

10% liquid assets needed
1.1 debt coverage ratio
600+ credit score
Property cash flow qualification

Alberta Advantages

Top Market

Why Alberta is ideal for MLI Select

No rent control restrictions
Strong population growth
High income-to-rent ratios
Lower construction costs

Program Comparison	First-Time Buyer Programs	MLI Select Program
Property Type	Single family, condo, townhome	5+ unit multi-family properties
Down Payment	5% minimum (owner-occupied)	5% minimum (investment)
Amortization	30 years (new builds)	Up to 50 years
Qualification	Personal income/credit	Property cash flow + net worth
Best For	Getting into the market	Building wealth through rentals

MLI Select Timeline Considerations

⏱️ CMHC approval: 3-6 months processing time
⏱️ Must take possession within 6 months of approval
⏱️ Requires coordination with builders and lenders
⏱️ Our MLI specialists help sync timelines perfectly

Your Path from First-Time Buyer to Real Estate Investor

Year 1-2: Use FHSA, HBP, and first-time incentives to buy your first home

Year 2-4: Build equity and establish credit history

Year 4+: Leverage MLI Select for multi-unit investment properties

Many successful investors in Alberta started as first-time buyers and now own multiple properties generating passive income!

Ready to Unlock Your First-Time Buyer Benefits & Learn About MLI Select?

Our team specializes in both first-time buyer programs AND the exclusive MLI Select investment program. Whether you’re buying your first home or ready to build a real estate portfolio, we have the expertise to guide you.

Book Your Free Consultation

📞 Call (403) 305-9167

Ask about our exclusive MLI Select opportunities with limited availability!

Important Reminders

⚠️ FHSA contributions must be made by Dec 31 for current year tax benefits
⚠️ Budget 1.5% of purchase price for closing costs
⚠️ Get pre-approved before house hunting
⚠️ Program details can change – verify current requirements

Next Steps for First-Time Buyers

1. Check Your Eligibility

Review income limits
Confirm first-time status
Check credit score
Calculate down payment

2. Start Saving Smart

Open FHSA account
Set up automatic deposits
Use RRSP if applicable
Track your progress

3. Get Professional Help

Connect with mortgage broker
Find experienced realtor
Book consultation
Review new builds

Why Choose New Homes Alberta for Your Journey

Complete Real Estate Solutions: From First Home to Investment Portfolio

First-Time Buyer Expertise

Navigate all government programs
Access exclusive builder incentives
Maximize FHSA and HBP benefits
30-year amortization on new builds

MLI Select Specialists

Exclusive 5+ unit opportunities
CMHC application support
50-year amortization access
Limited inventory – VIP access

Your Lifetime Partner

Start with your first home
Build equity strategically
Transition to investments
Create passive income

Limited MLI Select Opportunities Available: Our current inventory includes 6-plex townhomes, 18-unit complexes, and 46-unit apartment buildings. These sell out fast!

Start Your Journey to Homeownership and Beyond

Whether you’re taking your first step into real estate or ready to build an investment portfolio, we have the expertise and exclusive opportunities you need.

Schedule Your Consultation