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New Pre Construction Homes
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( 2024 )

60 New Pre construction homes, condos and townhomes for sale in Calgary.

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Pre Construction Homes in Calgary: An Investment Worth Considering

Calgary, a vibrant city in Alberta, Canada, presents a unique real estate opportunity that is too lucrative to ignore - pre construction homes. This article delves into the potential benefits of investing in pre construction homes in Calgary, offering insights into the process, market trends, and protective measures for investors.

 

Understanding Pre Construction Homes

Pre construction homes represent a property that is yet to be built. Investors commit their resources based on architectural plans and designs, with the final product only materializing upon completion of the construction. Given this, some may view pre construction homes as a risky venture. However, the recent surge in interest around pre construction homes, especially in Calgary, tells a different story.

 

The number of pre construction homes in Calgary is projected to reach an impressive figure in 2023. This boom in pre construction homes is largely due to their ability to provide a smart way to navigate the volatile housing market, presenting a promising investment opportunity.

 

Overlooking Current Market Trends

One of the significant advantages of pre construction homes is the ability to disregard current market trends. Real estate projects in Canada, on average, take about three years to complete. This gives investors ample time to sidestep any negative market situations like high mortgage rates or sudden changes in the real estate market.

 

Moreover, these properties are often less pricey than homes available for immediate sale. This means that even if property prices escalate, you'll still pay less as an investor in pre construction homes. Another benefit is the extended timeframe for saving up for the down payment. Unlike resale homes where you usually have to pay the full down payment upfront, pre construction homes offer a flexible payment structure, which allows spreading out the down payment over the construction period, making the houses more accessible to buyers.

 

Protection for Investors

Imagine purchasing a house through an open house, only to discover defects like mold or poor water supply a few days after moving in. In such scenarios, the seller is unlikely to come back to rectify the issues, leaving you to bear the high repair costs. Fortunately, with pre construction homes, such instances are hardly a concern.

 

In Alberta, for instance, the Tarion Warranty Company provides coverage for most new homes sold in the province. Tarion offers several warranties, including a one-year warranty for defects in materials and workmanship, a two-year warranty for defects in the building envelope, and a seven-year warranty for construction defects. This comprehensive coverage ensures that most things that could potentially go wrong are taken care of, just because you opt for a pre construction home.

 

Potential for High Appreciation Value

Research conducted by the Altus Group reveals an intriguing fact. The average resale home in Calgary is expected to appreciate by a certain percentage in 2022. Meanwhile, the average pre construction home for sale in Calgary is projected to appreciate at a significantly higher rate during the same period.

 

This indicates that pre construction homes have a higher appreciation value compared to resale homes, and for a good reason. Pre construction real estate is popular among investors because it allows setting a price before the building is constructed. Many of these properties come with incentives like discounts or free promotions, which can add further value to the overall offering. When combined with the renovations and changes you'll make during your stay, the potential for future profits is very high.

 

The Advantage of Downtime

Interestingly, a recent survey conducted by the Canadian Association of Real Estate Boards (CREA) revealed that approximately 28% of home buyers in Alberta felt they had overpaid for their houses. This perception is often due to bidding wars and unreasonable offers, usually associated with houses that are already constructed and up for sale.

 

If you're weary of losing your dream home to multiple offers, then pre construction properties might be the solution. In areas like Calgary, you also get a 10-day grace period, during which you can take some time to ensure you're satisfied with your purchase. If you decide that the property is not what you expected, you can cancel your purchase during the grace period and get a refund of the deposit. This level of security and flexibility makes pre construction properties a worry-free choice for buyers.

 

Making an Informed Decision

While the benefits of pre construction homes are evident, it's crucial to remember that purchasing one involves more steps than it initially appears. We strongly recommend consulting with a knowledgeable realtor who can help you understand the entire process. Make sure to carefully read the fine print before signing any contracts, ensuring that you're making an informed decision that aligns with your long-term financial goals.

 

Conclusion

Investing in pre construction homes in Calgary presents a unique opportunity for potential homeowners and investors. Despite seeming risky due to the nature of the investment, the advantages of pre construction homes are manifold. From the ability to disregard current market trends to the protection offered to buyers, pre construction homes emerge as a smart, reliable, and profitable investment choice. As the real estate market in Calgary continues to thrive, the potential for high appreciation value of these properties makes them an investment worth considering.

 

Pre construction homes in Calgary, Alberta

 

Discover the pinnacle of New Construction opportunities with pre construction homes in Calgary, exclusively at condomonk.ca. Unveiling a curated collection of upcoming pre-construction home projects in Calgary, Condomonk stands as your premier destination for navigating the dynamic real estate landscape. Dive into our comprehensive database, meticulously crafted to showcase the latest in New Pre construction homes, empowering you to make informed investment decisions. Don't miss out on your chance to secure the perfect pre-construction home in Calgary. Explore now!

 

New Launches in Calgary:

1. Violette Condo By Truman:

Starting from Low $ 450k

Project Status: Upcoming

Project Location:20338-21092 Sheriff King St SW

Contact here!

 

2. Clover Condos By Truman:

Starting from Low $ 369k

Project Status: Upcoming

Project Location:Carrington Blvd NW, Calgary, AB

Contact here!

 

Top 5 pre constructions homes in calgary:

1. Rangeview

Starting from Low $ 570.04k

Project Status: Selling

Project Location: 72 Street Southeast & Rangeview Boulevard Southeast, Calgary, AB

 

2. Belmont Plaza

Project Status: Selling

Project Location:550 Belmont Street Southwest, Calgary, AB

Pricing coming soon

 

3. Cityscape by Mattamy Homes

Starting from Low $ 492.99k

Project Status: Selling

Project Location:10520 Metis Trail Northeast, Calgary, AB

 

4. Quesnay at Currie

Pricing coming soon

Project Status: Selling

Project Location: Battleford Avenue Southwest & Quesnay Wood Drive Southwest, Calgary, AB

 

5. Riviera on the Bow

Starting from Low $ 528k

Project Status: Selling

Project Location:3320 3 Avenue Northwest, Calgary, AB

 

Check out our listings in Calgary:

1. 14121 Centre Street NW

Project Location: Calgary

Centre Street Northwest, Calgary, AB

Postal code: T2K 0V1

Developed by:Truman

No of units: 432

14121 Centre Street NW is a new condo community by Truman currently in preconstruction at Centre Street Northwest, Calgary. 14121 Centre Street NW has a total of 432 units.

 

2. Logel Mahogany - Waterside

Project Location: Calgary

17979 72 Street Southeast, Calgary, AB

Postal code: T2C 3G2

Developed by: Logel Homes

No of units: 639

Logel Mahogany - Waterside is a new condo community by Logel Homes currently in preconstruction at 17979 72 Street Southeast, Calgary. Logel Mahogany - Waterside has a total of 639 units.

 

3. Hudson West South Village

Project Location: Calgary

85 Greenbriar Place Northwest, Calgary, AB

Postal code: T3B 6J1

Developed by: Alliston At Home

No of units: 26

The project has a brownstone inspired design and above-average finishing specifications. Units consist of two- and three-bedroom floorplans options.

 

4. Alto

Project Location: Calgary

613 9A Street Northwest, Calgary, AB

Postal code: T2N 1T9

Developed by: Minto Communities

No of units: 72

Alto is a new condo community by Minto Communities currently in preconstruction at 613 9A Street Northwest, Calgary.

 

5. Cobalt Mixed Use

Project Location: Calgary

1880 85 Street Southwest, Calgary, AB

Postal code: T3H 3X2

Developed by: Slokker Homes

No of units: 400

Cobalt Mixed Use is a new condo community by Slokker Homes currently in preconstruction at 1880 85 Street Southwest, Calgary.

 

6. Vibe Condos

Project Location: Calgary

6 Avenue Southeast & 5 Street Southeast, Calgary, AB

Postal code: T2G 0H3

Developed by: Fram + Slokker

No of units: 160

Vibe is a new condo community by Fram + Slokker currently in preconstruction at 6 Avenue Southeast & 5 Street Southeast, Calgary.

 

7. 1901 College Condos

Project Location: Calgary

1901 5 Street Southwest, Calgary, AB

Postal code: T2S 0E2

Developed by: Truman

No of units: 70

1901 College Condos is a new condo community by Truman currently in preconstruction at 1901 5 Street Southwest, Calgary.

 

 

8. 2027 81 Street SW

Project Location: Calgary

2027 81 Street Southwest, Calgary, AB

Postal code: T3H 3V8

Developed by: Truman

No of units: 157

2027 81 Street SW is a new condo community by Truman currently under construction at 2027 81 Street Southwest, Calgary.

 

9. Sage Hill Park Future Phase

Project Location: Calgary

14040 Symons Valley Road Northwest, Calgary, AB

Postal code:T3P 0G4

Developed by: Brad Remington Homes

No of units: 122

Sage Hill Park Future Phase is a new condo community by Brad Remington Homes currently in preconstruction at 14040 Symons Valley Road Northwest, Calgary. Sage Hill Park Future Phase has a total of 122 units.

 

10. West 33 Townhomes

Project Location: Calgary

1706 33 Street Southwest, Calgary, AB

Postal code: T3C 1P3

Developed by: Truman

No of units: 49

West 33 Townhomes is a new condo and townhouse community by Truman currently in preconstruction at 1706 33 Street Southwest, Calgary.

 

11. Myne Condos

Project Location: Calgary

128 Avenue NE & Cornerstone Blvd NE,Calgary

Postal code: T3N 1G6

Developed by: Truman

No of units: 217

Comprising two 5-storey structures, Myne Condominiums will feature a total of 217 units, all boasting views of a scenic pond and lush green surroundings.

 

12. Belwood Park

Status: Selling

Address: 850 Belmont Drive Southwest, Calgary, AB

Developer: StreetSide Developments (Calgary)

 

13.Colours of Seton Townhomes

Status: Selling

Address: 528 Seton Circle Southeast, Calgary, AB

Developer: Trico Homes

 

14.Metroside Building 3

Status: Selling

Address: 99 Shawnee Boulevard Southwest, Calgary, AB

Developer: Graywood Developments

 

15.Dean's Landing

Status: Selling

Address: University District Community | 4410 University Avenue Northwest, Calgary, AB

Developer: Rohit Communities

 

16.Sage Walk Building 3

Status: Selling

Address: Sage Walk Community | 30 Sage Hill Walk Northwest, Calgary, AB

Developer: Logel Homes

 

17.Seton West Building 6

Status: Selling

Address: Seton West Community | 200 Seton Circle Southeast, Calgary, AB

Developer: Logel Homes

 

18.Savanna

Status: Selling

Address: Savanna Community | 541 Savanna Drive Northeast, Calgary, AB

Developer: Homes by Avi

 

19. Riverstone Manor Building 2

Status: Selling

Address: Cranston's Riverstone Community | Main Street Southeast & Seton Drive Southeast, Calgary, AB

Developer: Cedarglen Living

 

20.First and Park

Status: Selling

Address: 727 1 Avenue Southwest, Calgary, AB

Developer: Graywood Developments

 

21.Sovereign

Status: Selling

Address: 205 17 Avenue Southwest, Calgary, AB

Developer: Homes by Avi

 

22.The Restaare in Belmont

By Luxuria Homes

Starting from Low $ 500k

Project Location:Belmont Boulevard Southwest, Calgary

 

23. Zen Mahogany

By Avalon Master Builder

Pricing not available

Project Location:135 Mahogany Parade Southeast, Calgary

Units:132

 

24. Seton Serenity

By Cedarglen Living

Starting from Low $ 302k

Project Location:19489 Main Street Southeast, Calgary

Units:TBA


25. Glacier Ridge

By Trico Homes

Starting from Low $ 610k

Project Location:63 Edith Terrace NW, Calgary, AB

Units:TBA


Check out our Sage Walk listings in Calgary on Condomonk:

 

Sage Walk Building 4

Starting from Low $ 265.9k

Project Status: Selling

Project Location:Sage Walk Community | 40 Sage Hill Walk Northwest, Calgary, AB

 

Sage Walk - Building 5

Starting from Low $ 242.9k

Project Status: Selling

Project Location:Sage Walk Community | 50 Sage Hill Walk Northwest, Calgary, AB

 

Sage Walk Building 6

Starting from Low $ 215.4k

Project Status: Selling

Project Location:60 Sage Hill Walk Northwest, Calgary, AB

 

See all the Pre construction homes for sale nearby:

Pre Construction homes in Ajax

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Pre Construction homes in Bolton

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Pre Construction homes in Brampton

Pre Construction homes in Brantford

Pre Construction homes in Burlington

Pre Construction homes in Burnaby

Pre Construction homes in Caledon

Pre Construction homes in Calgary

Pre Construction homes in Cambridge

Pre Construction homes in Collingwood

Pre Construction homes in Courtice

Pre Construction homes in Edmonton

Pre Construction homes in Etobicoke

Pre Construction homes in Georgetown

Pre Construction homes in Grimsby

Pre Construction homes in Guelph

Pre Construction homes in Hamilton

Pre Construction homes in Innisfil

Pre Construction homes in Kitchener

Pre Construction homes in London

Pre Construction homes in Markham

Pre Construction homes in Milton

Pre Construction homes in Mississauga

Pre Construction homes in Montreal

Pre Construction homes in Niagara

Pre Construction homes in North York

Pre Construction homes in Oakville

Pre Construction homes in Oshawa

Pre Construction homes in Ottawa

Pre Construction homes in Paris

Pre Construction homes in Pickering

Pre Construction homes in Prince Edward

Pre Construction homes in Richmond Hill

Pre Construction homes in Scarborough

Pre Construction homes in Stouffville

Pre Construction homes in Stratford

Pre Construction homes in Surrey

Pre Construction homes in Thorold

Pre Construction homes in Toronto

Pre Construction homes in Vancouver

Pre Construction homes in Vaughan

Pre Construction homes in Waterloo

Pre Construction homes in Welland

Pre Construction homes in Whitby

Pre Construction homes in Saskatoon

 

Note: Condomonk is Canada's one of the largest database of new pre construction homes. Our comprehensive database is populated by our research and analysis of publicly available data. Condomonk strives for accuracy and we make every effort to verify the information. The information provided on Condomonk.ca may be outdated or inaccurate. Condomonk Inc. is not liable for the use or misuse of the site's information.The information displayed on condomonk.ca is for reference only. Please contact a liscenced real estate agent or broker to seek advice or receive updated and accurate information.