Frequently Asked Questions

The New Home Buyer Protection Act (NHBPA) is Alberta legislation that ensures all new homes are protected by a minimum level of warranty coverage. It applies to homes with building permits submitted after February 1, 2014.

This refers to the length of coverage provided for different parts of your home:

  • 1 year: Coverage for finishes such as flooring, paint, and trim
  • 2 years: Coverage for materials and labour related to plumbing, electrical, and heating systems
  • 5 years: Coverage for the building envelope, including exterior walls and roofing
  • 10 years: Coverage for structural components like the foundation and framing

Yes. Warranty coverage can vary depending on whether your home is:

  • A single-family home
  • A townhome under a condominium plan
  • A multi-family condo building

Coverage limits, conditions, and commencement dates may differ, especially for condominium-managed properties.

 

  • Individual property refers to your private living space (your unit or home).
  • Common property includes shared areas managed by a condominium corporation, such as lobbies, hallways, or outdoor amenity spaces.

Each has different coverage limits under the warranty program.

 

Not always. Some townhome communities are registered under a condominium plan but may not include shared common property. Larger condo buildings typically do include common areas, which are covered separately under the warranty.

For condominium developments:

  • Individual units are covered up to the lesser of the purchase price or $130,000
  • Common property is covered up to $130,000 per unit, to a maximum of $3.3 million per building

Warranty commencement dates depend on the type of home, but for most condo and multi-family homes, coverage begins on the earlier of:

  • The date the home is first occupied, or
  • The date occupancy is granted by the municipality or accredited authority

Condo fees cover shared expenses like snow removal, yard care, building maintenance, and common-area upkeep. They vary by property size, unit size, amenities, and services included. Every StreetSide community is unique—ask our sales team for details on the fees for your home.

When we build a new community, we work with an experienced property manager to set a realistic operating budget for the first year. This budget is based on what it typically costs to run similar multi-family buildings in Calgary.

It also includes contributions to a reserve fund, which helps the condominium corporation plan ahead and cover future repairs over time.

 

Value over Time
Buying early means locking in today’s price. As projects complete and neighbourhoods grow, values often rise — giving early buyers the potential for meaningful upside before move-in day.

Make It Yours
With presale homes, you get choice. From layouts to finishes and fixtures, customization lets you shape a space that reflects how you live, not just how it was built.

Pick the Best Fit
Presales give you first access to floorplans, views, orientation, and parking options before they’re gone. For many buyers, that means securing a home that checks more boxes.

Long-Term Potential
As communities and amenities evolve, demand tends to follow. For buyers thinking beyond move-in day, presales can offer lasting value and future flexibility — whether that’s building equity or considering rental opportunities down the road.