Newcomer Investor Starter Pack (Calgary)

I’m Mohit Dhillon, a licensed Calgary REALTOR® with Century 21 Bravo Realty. I help newcomers buy with clarity and structure—whether you’re investing for rental income, long-term appreciation, or setting up a future home for your family. My approach is strategy-first: we get your financing plan aligned early, narrow to neighbourhoods that consistently perform, then filter listings based on what tenants actually want and what resells well later. When you find a property you like, I’ll help you pressure-test the deal: pricing, risk factors, condition and inspection timelines, and what you should confirm before you remove conditions. If you’re new to Canada, I also keep the process simple and organized so you always know the next step.

FAQ’s

Can a newcomer buy an investment property in Calgary right away?
Often, yes—but it depends on your status (PR/citizen vs temporary resident) and lender requirements. The smart first step is confirming your financing path before you shop seriously.

If I’m on a work permit, can I buy a home in Calgary?
There are federal rules for “non-Canadians” buying certain residential properties in census metropolitan areas, with an exception for some work-permit holders if specific conditions are met. Confirm eligibility before committing to an offer.

How much down payment do I need in Canada?
Canada’s minimum down payment rules depend on purchase price (with higher minimums as the price increases). Your actual requirement can be higher depending on your lender, credit profile, and whether the property is owner-occupied or a rental.

What should I focus on first as a newcomer investor—cash flow or appreciation?
Start with your timeline. If you need monthly stability, focus on tenant demand and holding costs. If you’re building long-term wealth, focus on resale strength, neighbourhood fundamentals, and property type scarcity.

What are the biggest mistakes newcomer investors make in Calgary?
Buying in weak resale pockets, choosing layouts tenants don’t want, underestimating condo document risk, and not planning for maintenance/repairs and vacancy time.

What should I know about Alberta landlord rules before I rent the property?
Alberta has clear rules around security deposits, move-in/move-out inspections, and documentation. Have your lease terms and process clean before the first tenant moves in.

How do I track rental income and expenses for taxes?
Track income and expenses from day one and report them annually. The CRA uses Form T776 to calculate rental income and expenses, and it helps you keep records organized.

Do I need a property manager as a newcomer investor?
Not always, but it can reduce risk if you’re busy or unfamiliar with tenant screening, leases, inspections, and maintenance coordination. Many investors start self-managed, then switch once they scale.