Diane Richardson

Office Location

703 64 Ave SE #130
Calgary, AB T2H 2C3

Cell: 403.397.3706

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Calgary New Construction Homes for Sale | New Build MLS® Listings

Explore new construction homes for sale in Calgary, including newly built detached homes, semi-detached properties, townhomes and condos when available. Compare communities, builders, possession timing, home styles, lots, garages, finishes and current MLS® listings.

Calgary new construction homes for sale

Explore current Calgary new construction homes for sale and compare newly built properties across different parts of the city. Depending on current MLS® inventory, buyers may find detached houses, semi-detached homes, townhomes and condominium properties at different stages of completion.

New construction can include completed quick-possession homes, properties still under construction and recently completed homes being offered as new inventory. Buyers should confirm the construction status, builder information, included specifications, possession timing and property details for each individual listing.

  • Construction & Possession Status Determine whether the home is completed, under construction or available for a future possession date, and confirm what work remains before occupancy.
  • Specifications & Upgrades Review the builder specifications, included finishes, appliances, basement development, landscaping and any upgrades rather than assuming all displayed features are included.
  • Lot, Garage & Community Compare lot dimensions, garage configuration, lane or front-drive access, grading, nearby development and how the property fits your preferred Calgary location.

New construction should not automatically be assumed to include particular energy-efficiency features, premium finishes or completed landscaping. Building specifications, materials, mechanical systems, appliances and exterior work vary by builder, development and individual property.

What to Review When Buying a Calgary New Construction Home

Confirm whether the property is a completed new build, a quick-possession home or still under construction. Review the purchase documentation carefully to understand the included specifications, upgrades, allowances, appliances, basement completion, garage, exterior work and anticipated possession timing.

For homes still being completed, buyers should determine what landscaping, fencing, decks, driveways, grading or other exterior work is included and what may remain the buyer’s responsibility after possession.

Where applicable, review available new-home warranty information and consider an appropriate property inspection or pre-possession review. Newly constructed homes can still have deficiencies or items requiring correction, so condition should be assessed rather than assumed.

If the property includes a secondary suite, additional kitchen, separate entrance or independently arranged lower-level living area, buyers should verify the approved use, municipal records and applicable permits for the individual address.

New construction status, completion dates, possession timing, builder specifications, included upgrades, warranty information, property boundaries, landscaping and MLS® availability can change. Buyers should verify the current listing, builder documentation, purchase contract and property-specific information before making purchasing decisions.

Questions about Calgary new construction homes for sale?

Contact Diane Richardson at 403.397.3706, email diane@mypadcalgary.com or use the online contact form.

Calgary New Construction Homes for Sale

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225 75 Cornerstone Row NE
Cornerstone Calgary T3N 2K4

$405,000
Residential beds: 3 baths: 3.0 1,519 sq. ft. built: 2026

Main Photo: 225 75 Cornerstone Row NE in Calgary: Cornerstone Row/Townhouse for sale : MLS®# A2342139
Photo 1: 225 75 Cornerstone Row NE in Calgary: Cornerstone Row/Townhouse for sale : MLS®# A2342139
Photo 2: 225 75 Cornerstone Row NE in Calgary: Cornerstone Row/Townhouse for sale : MLS®# A2342139
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Photo 50: 225 75 Cornerstone Row NE in Calgary: Cornerstone Row/Townhouse for sale : MLS®# A2342139
Status:
Active
Prop. Type:
Residential
MLS® Num:
A2342139
Bedrooms:
3
Bathrooms:
3
Year Built:
2026
Welcome to this brand-new 2026-built townhome in the vibrant community of Cornerstone! Offering approximately 1,518.66 sq. ft. of above-grade living space, this beautifully finished home features 3 bedrooms, 2.5 bathrooms and an attached tandem 2-car garage. The bright open-concept main floor offers a functional layout ideal for everyday living and entertaining. The contemporary kitchen showcases upgraded cabinetry, quartz countertops, stainless steel appliances, modern lighting, ample storage and a large peninsula with generous workspace and seating. A stylish feature wall adds character to the living area, while large windows fill the space with natural light. The dining area opens onto a generous private balcony, perfect for morning coffee, summer BBQs or relaxing outdoors. A convenient powder room completes this level. Upstairs, you'll find three comfortable bedrooms and two full bathrooms. The primary suite includes its own ensuite, creating a private and inviting retreat. Clean neutral finishes and thoughtful details give the interior a fresh, sophisticated feel. Enjoy a desirable courtyard-facing location with landscaped green space, seating and picnic areas just steps from the front door. The tandem garage accommodates two vehicles while providing additional room for storage. Situated in one of Calgary's growing northeast communities, this move-in-ready property offers contemporary style, practical design and convenient access to nearby amenities. Book your private showing today!
Property Type:
Residential
Property Sub Type:
Row/Townhouse
Condo Type:
Conventional Condo
Transaction Type:
For Sale
Suite:
No
Num Legal Suites:
0
Num Illegal Suites:
0
Home Style:
3 (or more) Storey
Total Living Area:
1,518.66 sq. ft.
Condo Fee:
$213.97
Condo Fee Includes:
Common Area Maintenance, Insurance, Professional Management, Reserve Fund Contributions, Snow Removal
HOA Fee Frequency:
Annually
Front Exposure:
Northeast
Entry Level:
1
Levels:
Three Or More
End Unit:
2+ Common Walls
Total Rooms Above Grade:
7
Year built:
2026 (Age: 0)
Bedrooms:
3 (Above Grd: 3)
Bedrooms Above Grade:
3
Bedrooms On Main:
0
Bedrooms Below Grade:
0
Bathrooms:
3.0 (Full:2, Half:1)
Num Ensuite Baths:
1
Plan:
2312138
Heating:
Forced Air
Basement:
None
Foundation:
Poured Concrete
New Constr.:
Yes
Construction Material:
Concrete, Vinyl Siding, Wood Frame
Structure Type:
Four Plex
Roof:
Asphalt Shingle
Ensuite:
Yes
Flooring:
Carpet, Ceramic Tile, Vinyl Plank
Cooling:
None
Fireplaces:
0
Garage:
Yes
Garage Spaces:
2
Parking:
Double Garage Attached, Tandem
Parking Places:
2
Parking Total/Covered:
2 / -
Laundry Features:
Upper Level
HOA Fee:
$52.00
Condo Fee Frequency:
Monthly
Northeast
Z-name Not Listed
Cornerstone (Calgary)
Other, Park, Playground, Visitor Parking
Dishwasher, Electric Stove, Microwave Hood Fan, Refrigerator, Washer/Dryer
N/A
Pets Allowed
Cats OK, Dogs OK
Floor
Type
Size
Other
Main Floor
Foyer
12'9" × 4'10"
Main Floor
Furnace/Utility Room
13' × 5'9"
2nd Floor
Kitchen
15'4" × 14'10"
2nd Floor
Dining Room
13'8" × 8'1"
2nd Floor
Living Room
17'3" × 9'7"
3rd Floor
Bedroom - Primary
12' × 11'1"
3rd Floor
Bedroom
11'4" × 8'5"
3rd Floor
Bedroom
11'4" × 8'5"
3rd Floor
Laundry
Measurements not available
Floor
Ensuite
Pieces
Other
2nd Floor
No
2
5'5" x 4'11"
3rd Floor
Yes
3
59' x 8'5"
3rd Floor
No
4
9'9" x 4'11"
Title to Land:
Fee Simple
Community Features:
Schools Nearby, Shopping Nearby, Sidewalks
Interior Features:
Pantry, Walk-In Closet(s)
Exterior Features:
Balcony, Courtyard
Patio And Porch Features:
Balcony(s)
Lot Features:
Other
Num. of Parcels:
0
Fencing:
None
Region:
Calgary
Zone:
CAL Zone NE
Zoning:
M-G
Listed Date:
Sep 03, 2026
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Listed by Century 21 Bravo Realty
Data was last updated September 3, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
74
Avg list price:
$573,500
Min list price:
$215,000
Max list price:
$990,000
Avg days on market:
41
Min days on market:
1
Max days on market:
153
Avg price per sq.ft.:
$360.41
These statistics are generated based on the current listing's property type and located in Cornerstone. Average values are derived using median calculations. This data is not produced by the MLS® system.
DIANE RICHARDSON

Buying a New Construction Home in Calgary

Buying new construction involves more than choosing a floor plan and finishes. Buyers should understand the home's construction status, builder specifications, purchase agreement, possession timing, lot, landscaping, warranty information and costs that may remain after possession.

Current Calgary new construction homes for sale may include completed quick-possession homes, properties still under construction and recently completed builder inventory. Depending on current MLS® availability, buyers may find detached houses, semi-detached homes, townhomes and condominium properties.

Two homes advertised at similar prices may include very different features. One property may include appliances, landscaping or basement development, while another may require those items to be completed separately. Compare the complete specification and expected ownership cost rather than relying only on the advertised price.

  • Construction Status Confirm whether the home is completed, under construction or being offered with a future possession date and determine what work remains.
  • Specifications & Inclusions Review the finishes, appliances, garage, basement, landscaping and other items actually included in the purchase rather than relying on model-home presentation.
  • Total Purchase Cost Consider the purchase price together with upgrades, financing, legal costs, insurance, landscaping and other property-specific expenses.

What Counts as New Construction?

The phrase new construction can describe properties at different stages. Buyers should confirm the status of the individual home rather than assuming every recently built property is being sold as new builder inventory.

  • Completed builder inventory.
  • Quick-possession or move-in-ready homes.
  • Properties currently under construction.
  • Homes with a future estimated possession date.
  • New condominium units when available.
  • Recently completed properties that have not yet been occupied, where specifically confirmed.

A recently built resale property is not necessarily the same transaction as buying directly from a builder, even if the home is only a short time old. Review the seller, contract structure, warranty information and property history for the individual listing.

Completed Home vs Home Under Construction

Completed New Build

A completed home allows buyers to evaluate the actual floor plan, finishes, lot, garage and many visible property features before purchase. Confirm which remaining exterior items or deficiencies still require completion.

Under Construction

A property still being built may offer different choices or completion timelines. Buyers should carefully review specifications, allowances, change procedures and the estimated possession process.

Understand the Builder Specifications

Model homes, marketing materials and listing photos may show features that are upgrades or that differ from the property being purchased. The written purchase documents and specifications should identify what is actually included.

Review items such as:

  • Flooring materials.
  • Kitchen cabinets and countertops.
  • Appliances.
  • Lighting and electrical fixtures.
  • Plumbing fixtures.
  • Interior doors and trim.
  • Heating and cooling equipment.
  • Garage size and finish.
  • Basement development or rough-ins.
  • Decks, steps and exterior structures.
  • Landscaping and fencing.
Do not assume a feature shown in a model home, rendering or marketing image is included in the property being purchased. Confirm inclusions and specifications in the applicable purchase documentation.

Quick-Possession Homes

Quick-possession homes are generally properties that are already underway or substantially completed and intended to be available sooner than a home built from an earlier construction stage.

These homes can provide greater certainty about the actual layout and finishes because many selections may already have been made. However, buyers may have fewer opportunities to alter finishes or specifications.

Confirm the actual completion and possession status rather than relying solely on terms such as “quick possession” or “move-in ready.”

Possession Dates Can Change

Construction schedules can be affected by many property-specific and project-specific factors. Buyers should understand how estimated possession dates are addressed in the purchase agreement and avoid making assumptions about a particular move-in date unless it is supported by the applicable documentation.

Consider how the timing could affect:

  • The sale or possession of an existing home.
  • Temporary accommodation.
  • Mortgage arrangements.
  • Moving schedules.
  • School or employment timing.
  • Utility and insurance arrangements.

Compare the Lot as Carefully as the House

The home itself is only one part of a new-construction purchase. Lot size, orientation, grade, neighbouring properties and future development can influence how the property functions.

  • Lot dimensions and shape.
  • Front-drive versus rear-lane configuration.
  • Garage placement.
  • Backyard depth.
  • Sun exposure and orientation.
  • Grade and drainage.
  • Utility locations.
  • Adjacent roads, pathways or open areas.
  • Future lots and construction nearby.

Lot Premiums & Location Differences

Some lots may be priced differently because of size, orientation, configuration or adjacency to other features. Buyers should understand what is driving any lot premium and decide whether that characteristic has lasting value for their own use.

A larger or differently positioned lot may be attractive, but also consider landscaping requirements, fencing costs, maintenance and how neighbouring construction could affect the property.

Grading, Drainage & Exterior Completion

New-home buyers should determine what exterior work is complete at possession and what may occur later. Depending on the property and development stage, landscaping, fencing, final grading, sod, decks or other exterior items may not yet be finished.

Review:

  • Current lot grading.
  • Drainage away from the foundation.
  • Downspout locations.
  • Driveway and walkway completion.
  • Decks and exterior stairs.
  • Fencing.
  • Sod and landscaping.
  • Retaining walls where applicable.

Basement Development

Some new construction homes are sold with unfinished basements, while others may include partial or complete development. Buyers should confirm exactly what is included.

For unfinished basements, consider:

  • Ceiling height.
  • Window locations.
  • Mechanical-equipment placement.
  • Plumbing rough-ins.
  • Electrical panel location.
  • Potential bedroom layout.
  • Storage requirements.

If future basement development is important, investigate applicable municipal requirements before assuming a preferred layout can be approved.

Secondary Suites & Separate Entrances

Some new homes may include a separate entrance, additional kitchen or lower-level design promoted for flexible or multigenerational use. These features do not by themselves establish legal or approved secondary-suite status.

A separate entrance, additional kitchen or basement bedroom arrangement does not establish that a secondary suite is legal or approved. Verify the approved use, applicable permits and municipal records for the individual property.

Builder Upgrades Can Change the Final Cost

The advertised base price of a new home may not represent the final purchase cost once lot selection, structural options, interior upgrades or other selections are considered.

Potential additional costs can involve:

  • Lot premiums.
  • Floor-plan modifications.
  • Cabinet or countertop upgrades.
  • Flooring upgrades.
  • Appliance packages.
  • Lighting and electrical additions.
  • Fireplaces.
  • Basement development.
  • Garage upgrades.
  • Decks, fencing or landscaping.

Ask for written clarification of the purchase price and included specifications so the complete cost can be compared with other new and resale homes.

Financing a Home Under Construction

Financing requirements can differ depending on the transaction and construction stage. Buyers should discuss the purchase structure, deposits, mortgage approval and expected possession timing with an appropriate mortgage professional before making commitments.

Interest rates, qualification requirements and property values can change during a lengthy construction period, so buyers should understand how their financing arrangements address the anticipated closing timeline.

Review Taxes, GST & Transaction Costs

The tax treatment and transaction costs associated with a new-construction purchase can depend on the specific property and transaction structure. Buyers should obtain appropriate legal, accounting or tax advice when necessary rather than assuming every new-home purchase is handled identically.

Also budget for applicable:

  • Legal costs.
  • Financing costs.
  • Property insurance.
  • Moving expenses.
  • Window coverings.
  • Landscaping and fencing where not included.
  • Appliances or upgrades not included in the purchase.

New Home Warranty Information

Ask for the warranty information applicable to the individual property and understand what is covered, the relevant time periods, how deficiencies are reported and which party is responsible for addressing an issue.

Keep copies of purchase documents, specifications, inspection or walkthrough records, warranty information and correspondence concerning outstanding work.

Pre-Possession Review & Property Inspection

New construction does not mean buyers should assume every component is complete or defect-free. Review the property carefully before possession and document items requiring attention where appropriate.

An appropriate professional property inspection can also provide an independent assessment of visible components and systems, subject to the inspector’s scope and the construction stage.

Areas worth reviewing can include:

  • Roofing and exterior finishes.
  • Windows and exterior doors.
  • Foundation and visible concrete.
  • Plumbing fixtures.
  • Electrical components.
  • Heating and ventilation systems.
  • Interior finishes.
  • Appliances where included.
  • Garage doors and openers.
  • Exterior grading and drainage.

Condo-Titled New Construction

New construction can also include townhomes and condominium properties. If the property is condominium-titled, buyers should review the ownership structure and condominium documents in addition to the new-construction information.

Consider:

  • Current or proposed condominium fees.
  • What the fees include.
  • Parking and storage arrangements.
  • Bylaws.
  • Corporation insurance.
  • Reserve-fund information where applicable.
  • Maintenance responsibilities.
  • Pet and renovation rules where applicable.

Homeowners' Associations & Architectural Controls

Some Calgary developments may have homeowners' association obligations or architectural controls. Where applicable, buyers should understand required fees, exterior-design restrictions and ongoing responsibilities before purchasing.

Architectural controls can affect items such as fencing, exterior colours, landscaping, sheds, decks or other exterior improvements depending on the development.

Look Beyond the Current Streetscape

A newly developing Calgary community can change substantially after a buyer moves in. Current vacant land, temporary roads and construction areas may eventually contain homes, commercial sites, roads, schools, parks or other uses depending on approved plans and future development.

Consider:

  • Current and planned road connections.
  • Nearby construction areas.
  • Future residential phases.
  • Potential commercial development.
  • Transit availability.
  • Parks and pathways.
  • School information where relevant.

Plans and timelines can change. Verify information with the appropriate sources rather than relying solely on sales-centre illustrations or anticipated future amenities.

New Construction vs Established Resale Home

New Construction

May offer newer building systems, contemporary layouts and the possibility of selecting certain finishes depending on construction stage. Buyers should account for completion timelines, exterior work, specifications and potential upgrade costs.

Established Resale

Allows buyers to evaluate an existing home, landscaping and surrounding streetscape. Renovations, maintenance history and the age of major building components should be reviewed carefully.

Calculate the Complete Cost of Ownership

New construction can involve costs that are not obvious from the listing price. Prepare a budget that considers both immediate closing expenses and items that may be required after possession.

  • Purchase price.
  • Mortgage payments.
  • Property taxes.
  • Homeowner insurance.
  • Utilities.
  • Upgrades and selections.
  • Window coverings.
  • Landscaping.
  • Fencing.
  • Deck or patio work.
  • Basement development.
  • Condominium or HOA fees where applicable.

Questions to Ask About a New Construction Home

  • Is the property completed or still under construction?
  • What is the expected possession timing?
  • Which finishes and appliances are included?
  • Are there additional upgrade costs?
  • Is there a lot premium?
  • Is the basement finished?
  • What landscaping and fencing are included?
  • What exterior work remains?
  • What warranty information applies?
  • Is the property condominium-titled?
  • Are HOA obligations or architectural controls applicable?
  • What development is planned around the property?

Guidance for Buyers

Compare Calgary new construction homes by community, builder, property type, price, lot, garage, specifications and possession timing. Review the complete purchase documentation and verify what is included before comparing one home with another.

Guidance for Sellers

Owners selling a recently constructed property should clearly distinguish the home from current builder inventory. Provide available warranty information, improvement records, permits, landscaping details and information about upgrades completed after the original purchase.

Explore New Construction Homes Across Calgary

New construction inventory, builder specifications, completion status, possession dates, included features, pricing, warranty information and MLS® availability can change. Buyers should verify the current listing, purchase documentation and property-specific information before making purchasing decisions.

Questions about Calgary new construction homes for sale?

Contact Diane Richardson at 403.397.3706, email diane@mypadcalgary.com or use the online contact form.

Buying a New Construction Home in Calgary

Buying new construction involves more than choosing a floor plan and finishes. Buyers should understand the home's construction status, builder specifications, purchase agreement, possession timing, lot, landscaping, warranty information and costs that may remain after possession.

Current Calgary new construction homes for sale may include completed quick-possession homes, properties still under construction and recently completed builder inventory. Depending on current MLS® availability, buyers may find detached houses, semi-detached homes, townhomes and condominium properties.

Two homes advertised at similar prices may include very different features. One property may include appliances, landscaping or basement development, while another may require those items to be completed separately. Compare the complete specification and expected ownership cost rather than relying only on the advertised price.

  • Construction Status Confirm whether the home is completed, under construction or being offered with a future possession date and determine what work remains.
  • Specifications & Inclusions Review the finishes, appliances, garage, basement, landscaping and other items actually included in the purchase rather than relying on model-home presentation.
  • Total Purchase Cost Consider the purchase price together with upgrades, financing, legal costs, insurance, landscaping and other property-specific expenses.

What Counts as New Construction?

The phrase new construction can describe properties at different stages. Buyers should confirm the status of the individual home rather than assuming every recently built property is being sold as new builder inventory.

  • Completed builder inventory.
  • Quick-possession or move-in-ready homes.
  • Properties currently under construction.
  • Homes with a future estimated possession date.
  • New condominium units when available.
  • Recently completed properties that have not yet been occupied, where specifically confirmed.

A recently built resale property is not necessarily the same transaction as buying directly from a builder, even if the home is only a short time old. Review the seller, contract structure, warranty information and property history for the individual listing.

Completed Home vs Home Under Construction

Completed New Build

A completed home allows buyers to evaluate the actual floor plan, finishes, lot, garage and many visible property features before purchase. Confirm which remaining exterior items or deficiencies still require completion.

Under Construction

A property still being built may offer different choices or completion timelines. Buyers should carefully review specifications, allowances, change procedures and the estimated possession process.

Understand the Builder Specifications

Model homes, marketing materials and listing photos may show features that are upgrades or that differ from the property being purchased. The written purchase documents and specifications should identify what is actually included.

Review items such as:

  • Flooring materials.
  • Kitchen cabinets and countertops.
  • Appliances.
  • Lighting and electrical fixtures.
  • Plumbing fixtures.
  • Interior doors and trim.
  • Heating and cooling equipment.
  • Garage size and finish.
  • Basement development or rough-ins.
  • Decks, steps and exterior structures.
  • Landscaping and fencing.
Do not assume a feature shown in a model home, rendering or marketing image is included in the property being purchased. Confirm inclusions and specifications in the applicable purchase documentation.

Quick-Possession Homes

Quick-possession homes are generally properties that are already underway or substantially completed and intended to be available sooner than a home built from an earlier construction stage.

These homes can provide greater certainty about the actual layout and finishes because many selections may already have been made. However, buyers may have fewer opportunities to alter finishes or specifications.

Confirm the actual completion and possession status rather than relying solely on terms such as “quick possession” or “move-in ready.”

Possession Dates Can Change

Construction schedules can be affected by many property-specific and project-specific factors. Buyers should understand how estimated possession dates are addressed in the purchase agreement and avoid making assumptions about a particular move-in date unless it is supported by the applicable documentation.

Consider how the timing could affect:

  • The sale or possession of an existing home.
  • Temporary accommodation.
  • Mortgage arrangements.
  • Moving schedules.
  • School or employment timing.
  • Utility and insurance arrangements.

Compare the Lot as Carefully as the House

The home itself is only one part of a new-construction purchase. Lot size, orientation, grade, neighbouring properties and future development can influence how the property functions.

  • Lot dimensions and shape.
  • Front-drive versus rear-lane configuration.
  • Garage placement.
  • Backyard depth.
  • Sun exposure and orientation.
  • Grade and drainage.
  • Utility locations.
  • Adjacent roads, pathways or open areas.
  • Future lots and construction nearby.

Lot Premiums & Location Differences

Some lots may be priced differently because of size, orientation, configuration or adjacency to other features. Buyers should understand what is driving any lot premium and decide whether that characteristic has lasting value for their own use.

A larger or differently positioned lot may be attractive, but also consider landscaping requirements, fencing costs, maintenance and how neighbouring construction could affect the property.

Grading, Drainage & Exterior Completion

New-home buyers should determine what exterior work is complete at possession and what may occur later. Depending on the property and development stage, landscaping, fencing, final grading, sod, decks or other exterior items may not yet be finished.

Review:

  • Current lot grading.
  • Drainage away from the foundation.
  • Downspout locations.
  • Driveway and walkway completion.
  • Decks and exterior stairs.
  • Fencing.
  • Sod and landscaping.
  • Retaining walls where applicable.

Basement Development

Some new construction homes are sold with unfinished basements, while others may include partial or complete development. Buyers should confirm exactly what is included.

For unfinished basements, consider:

  • Ceiling height.
  • Window locations.
  • Mechanical-equipment placement.
  • Plumbing rough-ins.
  • Electrical panel location.
  • Potential bedroom layout.
  • Storage requirements.

If future basement development is important, investigate applicable municipal requirements before assuming a preferred layout can be approved.

Secondary Suites & Separate Entrances

Some new homes may include a separate entrance, additional kitchen or lower-level design promoted for flexible or multigenerational use. These features do not by themselves establish legal or approved secondary-suite status.

A separate entrance, additional kitchen or basement bedroom arrangement does not establish that a secondary suite is legal or approved. Verify the approved use, applicable permits and municipal records for the individual property.

Builder Upgrades Can Change the Final Cost

The advertised base price of a new home may not represent the final purchase cost once lot selection, structural options, interior upgrades or other selections are considered.

Potential additional costs can involve:

  • Lot premiums.
  • Floor-plan modifications.
  • Cabinet or countertop upgrades.
  • Flooring upgrades.
  • Appliance packages.
  • Lighting and electrical additions.
  • Fireplaces.
  • Basement development.
  • Garage upgrades.
  • Decks, fencing or landscaping.

Ask for written clarification of the purchase price and included specifications so the complete cost can be compared with other new and resale homes.

Financing a Home Under Construction

Financing requirements can differ depending on the transaction and construction stage. Buyers should discuss the purchase structure, deposits, mortgage approval and expected possession timing with an appropriate mortgage professional before making commitments.

Interest rates, qualification requirements and property values can change during a lengthy construction period, so buyers should understand how their financing arrangements address the anticipated closing timeline.

Review Taxes, GST & Transaction Costs

The tax treatment and transaction costs associated with a new-construction purchase can depend on the specific property and transaction structure. Buyers should obtain appropriate legal, accounting or tax advice when necessary rather than assuming every new-home purchase is handled identically.

Also budget for applicable:

  • Legal costs.
  • Financing costs.
  • Property insurance.
  • Moving expenses.
  • Window coverings.
  • Landscaping and fencing where not included.
  • Appliances or upgrades not included in the purchase.

New Home Warranty Information

Ask for the warranty information applicable to the individual property and understand what is covered, the relevant time periods, how deficiencies are reported and which party is responsible for addressing an issue.

Keep copies of purchase documents, specifications, inspection or walkthrough records, warranty information and correspondence concerning outstanding work.

Pre-Possession Review & Property Inspection

New construction does not mean buyers should assume every component is complete or defect-free. Review the property carefully before possession and document items requiring attention where appropriate.

An appropriate professional property inspection can also provide an independent assessment of visible components and systems, subject to the inspector’s scope and the construction stage.

Areas worth reviewing can include:

  • Roofing and exterior finishes.
  • Windows and exterior doors.
  • Foundation and visible concrete.
  • Plumbing fixtures.
  • Electrical components.
  • Heating and ventilation systems.
  • Interior finishes.
  • Appliances where included.
  • Garage doors and openers.
  • Exterior grading and drainage.

Condo-Titled New Construction

New construction can also include townhomes and condominium properties. If the property is condominium-titled, buyers should review the ownership structure and condominium documents in addition to the new-construction information.

Consider:

  • Current or proposed condominium fees.
  • What the fees include.
  • Parking and storage arrangements.
  • Bylaws.
  • Corporation insurance.
  • Reserve-fund information where applicable.
  • Maintenance responsibilities.
  • Pet and renovation rules where applicable.

Homeowners' Associations & Architectural Controls

Some Calgary developments may have homeowners' association obligations or architectural controls. Where applicable, buyers should understand required fees, exterior-design restrictions and ongoing responsibilities before purchasing.

Architectural controls can affect items such as fencing, exterior colours, landscaping, sheds, decks or other exterior improvements depending on the development.

Look Beyond the Current Streetscape

A newly developing Calgary community can change substantially after a buyer moves in. Current vacant land, temporary roads and construction areas may eventually contain homes, commercial sites, roads, schools, parks or other uses depending on approved plans and future development.

Consider:

  • Current and planned road connections.
  • Nearby construction areas.
  • Future residential phases.
  • Potential commercial development.
  • Transit availability.
  • Parks and pathways.
  • School information where relevant.

Plans and timelines can change. Verify information with the appropriate sources rather than relying solely on sales-centre illustrations or anticipated future amenities.

New Construction vs Established Resale Home

New Construction

May offer newer building systems, contemporary layouts and the possibility of selecting certain finishes depending on construction stage. Buyers should account for completion timelines, exterior work, specifications and potential upgrade costs.

Established Resale

Allows buyers to evaluate an existing home, landscaping and surrounding streetscape. Renovations, maintenance history and the age of major building components should be reviewed carefully.

Calculate the Complete Cost of Ownership

New construction can involve costs that are not obvious from the listing price. Prepare a budget that considers both immediate closing expenses and items that may be required after possession.

  • Purchase price.
  • Mortgage payments.
  • Property taxes.
  • Homeowner insurance.
  • Utilities.
  • Upgrades and selections.
  • Window coverings.
  • Landscaping.
  • Fencing.
  • Deck or patio work.
  • Basement development.
  • Condominium or HOA fees where applicable.

Questions to Ask About a New Construction Home

  • Is the property completed or still under construction?
  • What is the expected possession timing?
  • Which finishes and appliances are included?
  • Are there additional upgrade costs?
  • Is there a lot premium?
  • Is the basement finished?
  • What landscaping and fencing are included?
  • What exterior work remains?
  • What warranty information applies?
  • Is the property condominium-titled?
  • Are HOA obligations or architectural controls applicable?
  • What development is planned around the property?

Guidance for Buyers

Compare Calgary new construction homes by community, builder, property type, price, lot, garage, specifications and possession timing. Review the complete purchase documentation and verify what is included before comparing one home with another.

Guidance for Sellers

Owners selling a recently constructed property should clearly distinguish the home from current builder inventory. Provide available warranty information, improvement records, permits, landscaping details and information about upgrades completed after the original purchase.

Explore New Construction Homes Across Calgary

New construction inventory, builder specifications, completion status, possession dates, included features, pricing, warranty information and MLS® availability can change. Buyers should verify the current listing, purchase documentation and property-specific information before making purchasing decisions.

Questions about Calgary new construction homes for sale?

Contact Diane Richardson at 403.397.3706, email diane@mypadcalgary.com or use the online contact form.

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.