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Buying Preconstruction in Calgary:

Complete Guide for Investors & Homebuyers

Investing in preconstruction real estate in Calgary offers unique advantages, whether you’re a first-time buyer, an investor, or upgrading to a new home. Some key benefits include:

  • Lower Initial Deposit: Most builders require a deposit of 5-20%, which is spread over time, making it easier to manage.
  • Potential for Price Appreciation: By securing today’s prices on a home that won’t be completed for a few years, buyers can benefit from market appreciation.
  • Customization & New Home Warranties: Choose your preferred finishes, layouts, and enjoy the Alberta New Home Warranty Program, protecting against defects.
  • Strong Rental Demand: Calgary’s growing population and job market make new condos and townhomes attractive rental investments.
Selling resources

Step-by-Step Guide to Buying Preconstruction in Calgary

From start to finish, I'll be right there

1. Research & Choose the Right Project

Consider factors like location, builder reputation, price per square foot, and resale potential. Some popular areas for preconstruction projects include:

  • Downtown Calgary (Eau Claire, Beltline, Mission)
  • University District, Shawnee Slopes, Alpine Park, Rockland Park, Silverton, Taza Park for family-friendly townhomes and new communities

2. Understand the Deposit Structure

Unlike resale properties, preconstruction homes may require staggered deposits. A typical structure might be:

  • Initial $1000-$5000 deposit to reserve with builder
  • Topped up to 5% within 10 day rescission period
  • Remaining 5% in 90 days 
  • Balance on closing (final mortgage approval required at this stage)

3. Review the Contract & Builder Policies

Every builder has unique terms regarding:

  • Assignment Sales: Some allow reselling before possession, while others restrict it.
  • Closing Costs
  • Alberta New Home Warranty: Covers one-year materials & labor, five-year envelope protection, and ten-year structural coverage.

4. Secure Financing & Mortgage Pre-Approval

Not all lenders finance preconstruction homes until closing. Work with a mortgage broker experienced in new builds.

5. Monitor Construction Progress

Builders provide periodic updates on construction, but delays can occur. Stay in touch with your realtor and developer for the latest information.

6. Pre-Delivery Inspection (PDI) & Final Closing

Before taking possession, a PDI walk-through ensures that any deficiencies are documented and addressed.

Why Work With a Preconstruction Realtor in Calgary?

Expert Access, VIP Pricing & Investment Insights

Benefits of using a REALTOR® to sell your home

✔ First access to VIP pricing & incentives before public launches

The best asking price for your home

✔ Guidance on deposit structures & financing options 

Drive up appeal: Get your property ready to show

✔ Expert negotiation & resale strategies for assignment sales 

How to get top dollar for your home, fast!

✔ Connections with top builders & mortgage brokers

Get Expert Preconstruction Advice Today!

Thinking of buying preconstruction in Calgary? Contact me today for a personalized consultation.

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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.