A Calgary attached-home purchase income guide (for detached homes, click here)

Many would-be homebuyers find the home of their dreams, only to wonder, "can I afford it?" Canada Mortgage and Housing Corp., as well as many major banks, recommend spending no more than 30 per cent of income on housing, including mortgage (principal and interest), property taxes, insurance and utilities. To help, we did the math for a typical attached-home in each region of the city.

Buying or selling real estate is one of the biggest transactions you'll make in your life, so having the right REALTOR® by your side is essential.

Just 30 minutes east of Calgary is the lovely town of Cochrane, a bustling and vibrant community offering all the amenities a resident could want, from shops and services to a world-class recreation centre.

East of downtown Calgary, in the shadow of the core's hulking skyscrapers, stands the city's oldest home in its original location – Fort Calgary's Hunt House.

North of Calgary, where Highway 2A splits off the main route to Edmonton, are three communities offering the best of quiet, rural-Alberta living.

Carstairs, Didsbury and Olds each have their own unique appeal, along with real estate choices ideal for growing families.

Mortgage loan insurance has become a popular way for people to buy a home when they can't come up with a 20 per cent down payment.

"I would say that 95 per cent of all first-time homebuyers require the insurance," said Calgary REALTOR® Crystal Tost. "It's expensive in Calgary. How do you save 20 per cent to get around insurance when you're paying rents and car payments, and probably have credit cards? It's definitely a good program for people that want to get into a home."

Townhomes can offer greater affordability than buying a single-family home, but some people would prefer not to have the obligations that come with condominium-type ownership.

Financing your first home purchase can be intimidating, especially with Canada's frequently changing guidelines. However, there are resources available for Calgarians, including a variety of rebates, tax credits and opportunities for down-payment assistance.