If you are interested in securing a unit, the next step is to fill out a worksheet at truecondos.com/worksheet with all your information and your top-3 suite choices.

Demand is very high, units are selling quickly and will sell out soon – get your worksheet filled out right away.

Questions? Call 647-371-0110

The guaranteed rental amount is listed on the financial analysis.

The contract will be sent via DocuSign. Clients have a maximum of 12 hours to sign the purchase agreement to begin the 10-day cool off period. If the client does not sign within 12 hours from when the contract is sent, it will automatically expire at that time.

We provide a 10-day cooling off period. Anytime within and up to the 10th day, if you wish to cancel your offer you can, with any monies received by the developer being refundable back to you.

You can deliver the deposit by bank draft to a local BMO branch and you may wire transfer the deposit funds. The wire instructions to do this will be provided when a purchase agreement is signed.

NOTE: If a deposit is NOT received within one business day of signing the purchase agreement, it will automatically expire at that time.

1st Deposit: $20,000
2nd Deposit: Balance of 10% of purchase price in 90 days from contract date

$0.43 / SQ.FT. includes heat, water, natural gas, amenities, property management, landscaping and snow removal.

Estimated closing date will be between 4th Quarter 2026 – 1st Quarter 2027

Yes, and can be provided from a mortgage broker or any major Canadian financial institution.

Yes, assignments are permitted. However, the purchaser is responsible for any legal cost associated with the assignment estimated to be $700 – $1,000.

Yes, to do land title registration, the lawyer who processes the closing documents needs to be in Alberta. You can sign your closing documents from the comfort of your own home. Since the start of Covid-19, lawyers in Alberta can sign closing documents via zoom, and then you can courier them back to your lawyer in Alberta.

On closing day, designate your selected property manager permission to attend the closing day walk through, identify any deficiencies and sign the warranty letter of possession on your behalf.

The property tax rate in Calgary is very low!

For 2020 the residential rate in Calgary is approximately 0.75% (of assessed value).

So that means that on a $300k (purchase price) unit you are looking at approximately $2250/year or $187/month in property taxes.

Your total closing cost will be around $1,350.00 dollars for a legal representative to convey your purchase in Alberta. They do not need to be physically located in Alberta but must be licensed to practice in Alberta. We have also partnered with Kahane Law to provide you unmatched service and unbeatable rates in Calgary should you want to use a local representative.

Yes, you will have a 10 calendar day cooling period after signing just like in Ontario. If you wish to cancel your offer during the 10 days you can with no penalty.

In Alberta the HST/GST is handled differently than Ontario.

In Ontario, as an investor, you pay approx 8% of the price (to a max of $24,000) on final closing and you apply for a rebate to get the HST back, and in most cases you get most of it back.

The HST in Ontario is money you have to pay on closing out of your own pocket. You cannot use a mortgage to pay for it.

This 8% (max $24,000) in Ontario is in addition to the $30-40k in closing costs you have to pay out of pocket and cannot roll into a mortgage.

In Alberta, you pay 5% of the price which is the GST portion on final closing.

The good news is that the 5% is included in your mortgage in Alberta!

As an investor, there is a program where you can apply to get a portion of the GST you paid rebated back to you. The maximum you get back is 36%.

If the price is up to $350k, you get back 36% of the GST you paid.

If the price is between $350k-$450k, it’s a sliding scale where the 36% rebate shrinks down to zero by the time you hit $450k.

The GREAT news about GST in Alberta is you can roll it into your mortgage, you DO NOT have to pay this money on closing out of your own pocket!

So for example (all figures approximates):

Purchase price $250,000 – you pay $12,500 in GST. you get a rebate back for $4500.
Actual total GST paid = $8000

Purchase price $350k – you pay $17,500 in GST. you get a rebate back for $6300.
Actual total GST paid = $11200

Purchase price $400k – you pay $20k in GST. you get rebate back for $3100.
Actual total GST paid = $16,900

Purchase price of $450k – you pay $22,500 in GST, nothing rebated back.

Thankfully getting a mortgage in Alberta is easy, we have a great banking system in Canada that works coast to coast – it’s all the same whether you are in Ontario or Alberta or anywhere in Canada.

No, everything from purchasing to closing can be done remotely without ever having to go to Calgary. Of course you are welcome to go visit the property if you want and check it out at any time.

One big advantage in Alberta is that there is no land transfer tax or sales tax. Your purchase price does not include GST, unless otherwise noted.

No. There are no hidden costs such as levies or transfer taxes. There are no hidden costs such as levies or transfer taxes.

Yes. All paperwork will provided through secured document signing app DocuSign, DotLoop or NexOne.

If you have more questions please email me at andrew@truecondos.com or call/text 647-371-0110

Andrew la Fleur

Truecondos.com

Sales Representative, Remax Condos Plus