Buying your first home in Edmonton doesn't have to feel overwhelming. In 2026, first-time buyers can combine several federal programs: the First Home Savings Account (FHSA) lets you contribute up to $8,000 a year, to a $40,000 lifetime limit, with tax-deductible contributions and tax-free withdrawals for your purchase. The RRSP Home Buyers' Plan lets you withdraw up to $60,000 from your RRSP, and you can often use it alongside your FHSA. First-time buyers can also access a 30-year amortization on an insured mortgage, which can lower the monthly payment (though it means more total interest), and the insured-mortgage price cap is now $1.5 million. Buying a brand-new build? The federal first-time buyers' GST rebate can cover the full GST on eligible new homes up to $1 million — up to $50,000 in savings. And here's an Alberta bonus: there's no land transfer tax, just modest title and mortgage registration fees. Eligibility rules apply to every program, so confirm with your lender and tax professional. Jon Valencia with Rite Realty walks first-time buyers through each step, the paperwork, and the timeline so you can buy with confidence. This is general information, not financial or tax advice.
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