Buyers · first home
Start with three things: how much you need down, which programs can help, and what you will pay every month. Will goes through all three with you before you see a single house.
Will is ranked #1 on the Rate My Agent list of buyer's agents in Fort McMurray, checked October 29, 2026.
No pressure. Ask your questions first and decide later.
Up to $500,000, the minimum is 5%. On a $400,000 home that is $20,000.
From $500,000 to $1.5 million, it is 5% of the first $500,000 plus 10% of the rest.
Under 20% down, you also pay for mortgage loan insurance. Your lender sets that up.
FHSA: save tax free for your first home. $8,000 of room the year you open it.
Home Buyers' Plan: take up to $60,000 out of your RRSP for the home.
30 year mortgage: first time buyers with less than 20% down can spread it over up to 30 years.
Your bank or a mortgage broker can tell you which ones fit you.
Your down payment is not the only cheque. Add the lawyer and the land title fee. Alberta has no land transfer tax.
Then look at the monthly cost: mortgage, heat and power, and insurance.
“Working with Will for the purchase of our house was one of the greatest gifts. We were first time buyers and had no experience with how to navigate things or what to look out for in the properties, Will was extremely supportive and most importantly patient until we found what fit our family needs. He also supported us through the negotiations. He's a realtor I would pick or recommend any day. Grateful for him being a part of that process with us.”
5.0 stars from 82 Google reviews. 4.92 stars from 30 reviews on Rate My Agent. Checked October 2026. See Google reviews · See Rate My Agent
It depends on the price. Up to $500,000 you need at least 5%. From $500,000 to $1.5 million it is 5% of the first $500,000 plus 10% of the rest. On a $400,000 home that is $20,000. Under 20% down, you also pay for mortgage loan insurance.
Yes. The Home Buyers' Plan lets you take up to $60,000 out of your RRSP to buy a home. You pay it back to your RRSP over time.
A First Home Savings Account. It lets first time buyers save for a home tax free, up to set limits. You get $8,000 of room the year you open one, and what you put in is usually tax deductible. You can use it and the Home Buyers' Plan on the same home.
Yes, on an insured mortgage. Since December 15, 2024, first time buyers who put down less than 20% can spread the mortgage over up to 30 years. That lowers the monthly payment, but you pay more interest overall.
No. Alberta charges a land title fee and a mortgage registration fee instead. Your lawyer pays them at closing and adds them to your statement.
Will Clarke at RE/MAX Connect is ranked #1 on the Rate My Agent list of buyer's agents in Fort McMurray, checked October 29, 2026. Call or text Will at 780 804 1665.
Home turf
The river valley, the Snye, the bridges, the trails, and the long winters. This is the town I sell homes in.
Photos from Wikimedia Commons, cropped to fit. See every photo credit and license.
Text 780 804 1665 with your down payment and the month you want to move. Will sends back the cash to close and the monthly cost.
No pressure. Text or call 780 804 1665 and we pick the next step.
Sources, read October 29, 2026: Down payment, Financial Consumer Agency of Canada · FHSA, Canada Revenue Agency · Home Buyers' Plan, Canada Revenue Agency · 30 year amortization, Department of Finance Canada · Rate My Agent buyer's agents in Fort McMurray. This page is general information, not tax or mortgage advice.
Buying in Fort McMurray · Relocating · All neighbourhoods · Reviews