Most home-buying pain is avoidable. Here are the eight mistakes we see most often in Edmonton, and how to stay clear of them.
The eight
1. Shopping before getting pre-approved — you risk falling for a home you can’t finance.
2. Forgetting the extra costs — closing costs, GST on new builds, moving. Budget for them up front.
3. Skipping the inspection — even on new construction, a set of experienced eyes pays for itself.
4. Maxing out the budget — leave room for rate changes and life.
5. Making big financial moves mid-process — a new loan, a job change or a big purchase can undo an approval.
6. Using the builder’s agent on a new build — they represent the builder; bring your own (it’s free).
7. Overlooking suite income — a legal suite can meaningfully change what you qualify for.
8. Not holding a rate — a rate hold protects you while you shop.
Frequently asked
What’s the biggest mistake first-time buyers make?
Shopping before getting a real pre-approval. It leads to falling for a home you can’t finance — and to weaker offers. Start with the financing.
