Are you dreaming of buying your first home in Southwest Edmonton? Whether you’re drawn to the modern communities of Windermere, Heritage Valley, or Rutherford, understanding your mortgage options and available incentives can make homeownership more attainable than you think.
At MaxWell Polaris, Blu Erick (780-819-5309) and Jenniffer Erick (780-887-5308) are here to guide you through every step — from exploring the latest first-time homebuyer incentives in Alberta to securing the most competitive mortgage rates in Edmonton.
Federal & Provincial First-Time Homebuyer Incentives
1. First-Time Home Buyer Incentive (FTHBI) – CMHC Program
This federal incentive helps first-time buyers by providing a shared equity mortgage with the Government of Canada.
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5% of the purchase price for a resale home
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10% for a new construction home
This can reduce your monthly mortgage payments without increasing your down payment.
Tip: This incentive is income- and price-based, making many entry-level homes in Southwest Edmonton eligible.
2. RRSP Home Buyers’ Plan (HBP)
Withdraw up to $60,000 (per individual) from your RRSP tax-free to use toward your down payment. Couples can combine their withdrawals for up to $120,000 — a major boost toward owning your first home in sought-after areas like Chappelle Gardens or Keswick on the River.
3. Tax Credits & Provincial Incentives
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First-Time Home Buyers’ Tax Credit (HBTC): Receive a $10,000 non-refundable tax credit on qualifying homes.
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GST New Housing Rebate: If you’re purchasing a new build, you may qualify for a partial GST rebate on the home’s purchase price.
Local Lender Programs & Competitive Mortgage Rates
Edmonton’s local lenders and credit unions often provide exclusive mortgage options for first-time buyers.
Look for:
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Low down payment programs (as little as 5%)
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Rate discounts for insured mortgages
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Cashback or flexible payment options designed to help with closing costs
Working with Blu Erick and Jenniffer Erick ensures you’re connected to trusted local mortgage specialists who understand the Edmonton market and can help you navigate rate trends and lender options with confidence.
Why Southwest Edmonton?
Southwest Edmonton is one of the city’s fastest-growing regions, known for:
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Family-friendly communities with new schools and parks
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Quick access to major routes like Anthony Henday Drive
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A wide range of homes for sale in Edmonton — from modern condos to luxury single-family homes
If you’re a first-time buyer, these neighborhoods offer an ideal mix of affordability, amenities, and long-term growth potential.
Ready to Take the Next Step?
Navigating your first home purchase doesn’t have to be overwhelming.
Contact Blu Erick (780-819-5309) or Jenniffer Erick (780-887-5308) with MaxWell Polaris today. They’ll help you find the perfect property in Southwest Edmonton and guide you through all available mortgage and incentive options — making your dream of homeownership a reality.
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