Why Now Might Be Your Moment
After years of uncertainty, 2026 is shaping up to be a more balanced year for first-time homebuyers. Interest rates dropped in October, and the housing supply remains strong in cities such as Kelowna, Vernon, Calgary, and Edmonton. There are also additional government incentives to support new buyers.
The Challenges Are Real — But So Are the Opportunities
Even in these conditions, new buyers need to learn the ropes and be smart about knowing mortgage stress test rules, strata policies, and increasing home prices in areas in high demand. That’s why preparation is everything.
Smart Steps to Take Before You Start Shopping
Here’s how first-time buyers can set themselves up for success in 2026:
- Get pre-approved early to lock in your rate and know your exact budget
- Boost your down payment using a First Home Buyers Savings Account (FHSA), the RRSP Home Buyers’ Plan, or gifted funds
- Work to improve your credit score
- Reduce your debts to qualify for a better rate and smoother approval
- Avoid adding new debt, including on your credit cards
- Work with a mortgage broker like Rampone-Marsh who shops multiple lenders — not just the big banks
Government Programs to Watch
First-time home buyers should keep an eye on updates to programs like the First Home Savings Account (FHSA), BC Home Partnership, and federal government incentives. Changes in 2026 could make entering the market easier with tax advantages and shared-equity options. Have questions? Learn more here and then email us or call (250) 801-8834.
Make Home Buying Personal — Not Overwhelming
At Rampone-Marsh Mortgages, we guide you step-by-step — from pre-approval to the day you pick up your keys. No pressure. No confusing jargon. Just honest advice tailored to your goals.
Thinking of buying your first home in 2026? Let’s start planning today so you will be confident, prepared, and mortgage-ready. Reach out today – we’re here to help.
