Information to Include With Your New Condo Search

• Preferred Calgary communities or quadrants.
• Approximate purchase price range.
• Preferred bedroom and bathroom count.
• Minimum interior living area where relevant.
• Parking requirements and number of stalls.
• Storage-locker requirements.
• Balcony, patio or outdoor-space preferences.
• Preferred building amenities.
• Maximum condominium fee where applicable.
• Pet or rental considerations where relevant.
• Recently completed versus new-construction preference.
• Preferred possession timing.

Review More Than the New Finishes

A newer condo may have contemporary finishes and recently installed building systems, but buyers should still review the condominium structure, available financial information and the complete cost of ownership.

• Current condominium fees and what they include.
• Condominium bylaws and rules.
• Reserve-fund information where applicable.
• Financial statements and budgets where available.
• Condominium corporation insurance.
• Meeting minutes where available.
• Current or proposed special assessments.
• Parking and storage ownership or assignment.
• Pet, rental and renovation restrictions.
• Condition and inspection of the individual unit.
• Common areas and building amenities.
• Total monthly ownership costs.

Buying New Construction or Before Completion?

When a condo is being purchased directly from a builder or before construction is fully complete, the purchase documentation and timeline may differ from a conventional resale condominium transaction.

Buyers should review the specific purchase agreement, included specifications, upgrades, deposit requirements, estimated possession details, adjustments, warranty information where applicable and any GST or tax considerations with the appropriate legal, tax and financing professionals.