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The Arthur Cityscape Banner Header

Download the Files

The No Brainer Investment Formula

truman calgary formula arthur

WATCH THIS VIDEO

These Always Sell Out

SOLD OUT CALGARY Arthur Cityscape Calgary

Why Calgary?

Why Calgary new Mondrian June 2022 v2
this is nuts arthur cityscape toronto vs calgary condos

Location Highlights

The Arthur Cityscape Location Calgary

heart of the new northeast

Cityscape is a beautiful, master-planned community that perfectly balances nature and urban living. Featuring an 115-acre greenspace with integrated parks and pathways, leading into a plethora of recreational opportunities. Three new schools have been approved for constructions close by, making Cityscape the perfect place for families of any size. The community offers a multitude of recreation facilities all within walking distance including parks and playgrounds, sportsplexes, grocery stores, schools, leisure centers and more.

the arthur cityscape location homes calgary
the arthur cityscape location park calgary

go your own way

Whether you want to bike around the prairie pathways, stroll the neighbourhood while sipping an iced latte, or spend the day at an outdoor festival with food trucks at Prairie Winds Park – Cityscape has it all – and commuting in and around the neighbourhood proves seamless with pathways weaving through the surrounding areas.

Take in a view of the prairies and Bow River with a ride along the Rotary Greenway that encircles the entire City of Calgary. Or try biking the paved pathways in and around your neighbourhood, exploring the many parks and admiring the quiet surroundings.

Want to explore more of the NE? Bike the pathways along
the outskirts of the city, bringing you to many maintained and manicured recreational parks, that provide an array of amenities like picnic tables and tennis courts.

The Arthur Cityscape Calgary Map

Cityscape is a master-planned community in NE Calgary that perfectly blends nature and urban living. This community is built alongside a 115-acre environmental reserve and offers a multitude of recreation facilities within walking distance, including parks and playgrounds.

  • The expansive 115-acre environmental reserve is at the heart of the community.
  • Three new schools have been sanctioned for construction close to the community.
  • Minutes to Sunridge Mall and CrossIron Mills.
  • Cityscape also includes access to 138km of greenway path encircling Calgary.
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The Arthur Cityscape

I’m interested in buying a unit, what do I do next?

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

How long is the Rental Guarantee for?

The guaranteed rental amount is listed on the financial analysis.

When does the Rental Guarantee start?

The Rental Guarantee begins when you take occupancy of your home.

How is the contract sent?

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.

How long do I have to decide after singing the contract?

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.

How is the deposit paid?

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.

What is the deposit amount needed, when is it needed?

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

What are my condo fees?

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

When is possession?

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

Do I have to provide a mortgage approval?

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

Am I allowed to assign my purchase?

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

Do I need a lawyer in Alberta to buy a property in Alberta?

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.

How does closing work when I am not there?

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.

How much is property tax in Calgary?

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.

What are the closing costs in Alberta on a new condo?

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.

Is there a 10-day cooling period after I buy like in Ontario?

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.

How does HST/GST work in Alberta?

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.

How do I get a mortgage for a property in Alberta if I live in Ontario (or anywhere else)?

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.

Do I have to go to Calgary to sign any documents?

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.

What additional closing costs can I expect?

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.

Are there any hidden fees on closing?

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

Do you offer electronic signing?

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

I have other questions that I don’t see the answer to here...

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

East Hills Calgary 2 3 steps