Frequently
Asked Questions
A condominium refers to a form of ownership rather than a specific type of home. While in North America the term “condo” is often used to describe apartment-style buildings, condominium ownership can also apply to townhomes and other residential properties. In a condominium development, homeowners own their individual home while sharing ownership and responsibility for common property, amenities, and shared spaces they enjoy through the condominium corporation.
For many buyers, condo living provides the benefits of owning a home without many of the maintenance responsibilities that come with traditional homeownership. With access to shared amenities and professionally managed common areas, condominium developments appeal to a wide variety of homeowners, from first-time buyers and young professionals to downsizers looking for a more convenient, low-maintenance lifestyle.
Condo fees help cover the costs of maintaining and operating the shared areas and services within a condominium development. Depending on the development, this may include services such as snow removal, landscaping, exterior maintenance, and upkeep of common property and amenities.
Because every StreetSide development is unique, condo fees can vary based on factors such as the size of the development, the type of home, available amenities, and the services provided. For the most up-to-date information on condo fees for a specific home, speak with one of our sales team members.
When new developments are planned, a variety of housing types are included to meet the needs of different homebuyers and lifestyles. Condominium developments help provide a range of ownership opportunities, from first-time buyers and young professionals to downsizers seeking a low-maintenance lifestyle.
At StreetSide, we build condominium developments to offer homeowners the benefits of ownership while reducing many of the day-to-day responsibilities associated with maintaining a home. Services such as landscaping, snow removal, and maintenance of shared spaces are managed through the condominium corporation, allowing residents to enjoy a convenient “lock-and-leave” lifestyle and spend more time doing the things they love.
When a new condominium development is established, StreetSide works closely with a professional property management company to develop an operating budget based on the anticipated costs of maintaining and managing the development. Drawing on experience from similar condominium developments, this budget is designed to support the long-term success of the development and includes contributions to a reserve fund. These contributions help ensure the condominium corporation is financially prepared for future major repairs and maintenance of shared property and common areas.
A condominium corporation is the organization responsible for managing and maintaining the shared areas within a condo community. This includes arranging services such as landscaping, snow removal, garbage collection, insurance, and repairs to common property. Depending on the condominium, the corporation may also provide additional services and maintenance, helping homeowners enjoy a more convenient, low-maintenance lifestyle.
A reserve fund is a savings account maintained by the condominium corporation to help cover the cost of major repairs and long-term maintenance of shared property and common areas. Contributions to the reserve fund are collected through condo fees paid by owners, ensuring funds are available for future projects such as roof replacements, building upgrades, or unexpected repairs.
Investment purchases typically require a 20% total deposit, with 10% due at the time of purchase and the remaining 10% collected at a later stage of construction. Specific deposit schedules may vary by development and purchase timing, so please speak with a sales team member for details on your selected home.
StreetSide Calgary does not permit assignment sales, meaning purchase agreements cannot be transferred or sold to another buyer prior to closing.
StreetSide Calgary does not offer rental guarantee programs. Homeowners interested in renting their property should research local rental market conditions and consult with qualified real estate or property management professionals to better understand potential rental opportunities.
More Choice, More Opportunity: Purchasing during the presale phase gives you access to a wider selection of homes, floorplans, locations, and views before availability becomes limited. Buying early can help you secure the home that best fits your lifestyle and preferences.
Personalize Your Home: Depending on the stage of construction, presale buyers may have the opportunity to select finishes, colours, and design options that reflect their personal style.
Time to Plan Ahead: Buying presale provides a longer timeline between purchase and possession, giving you more time to prepare for your move, organize finances, and plan for your future home.
Potential for Future Value: As new developments grow and amenities, services, and infrastructure are added, properties may increase in value over time. Purchasing during the presale phase allows buyers to get in early and be part of a development’s growth from the beginning.
StreetSide Calgary works with both realtors and investors and offers standard commission structures on eligible home purchases. Available programs, promotions, and incentives may vary by development and release, so we encourage realtors and investors to connect with our sales team for the most current information.
At StreetSide Calgary, we create thoughtfully designed condominiums, townhomes, and estate townhomes that make homeownership simple and enjoyable. Located in sought-after developments throughout Calgary, Harmony, and surrounding areas, our homes offer modern designs, functional spaces, and low-maintenance living for every stage of life.
Rental rates can vary based on factors such as location, home size, floorplan, amenities, market conditions, and the overall demand for housing in the area. Because these factors can change over time, StreetSide Calgary cannot guarantee future rental rates.
For the most accurate estimate, we recommend reviewing rental listings for similar homes in the area through resources such as RentFaster.ca or consulting with a local property management professional.
The future value of any home is influenced by a variety of factors, including market conditions, location, economic trends, and buyer demand. While future appreciation can never be guaranteed, many homeowners & investors alike choose to purchase early in a development to take advantage of potential growth as the area matures and new amenities, services, schools, parks, and infrastructure are added over time.
One of the benefits of condominium living is that the condominium corporation maintains insurance coverage for the overall building. This helps protect the building structures, providing homeowners with added convenience and peace of mind.
Homeowners are responsible for carrying their own insurance policy to protect personal belongings, liability, and any upgrades or improvements within their home. Your insurance provider can help determine the coverage that’s right for your needs.
StreetSide Calgary offers new homes in thoughtfully planned developments throughout Calgary and the surrounding area. Available home types and inventory vary by location. Visit our Communities Page to explore current developments and view the latest availability.
Depending on the development and construction timeline, buyers may be able to add their personal touch by selecting finishes, design details, and available upgrades that reflect their style and preferences.
Yes. Every StreetSide Calgary home is backed by Alberta’s New Home Warranty Program, providing coverage for a range of construction-related items. This includes warranty protection for materials and labour, electrical, plumbing, heating and ventilation systems, the building envelope (such as windows, doors, walls, and roofing), and major structural components. Warranty coverage is designed to give homeowners added confidence and peace of mind in their new home. Learn more about the Alberta New Home Warranty.
Closing dates vary depending on the home, development, and stage of construction. Once you’ve identified a home you’re interested in, our sales team can provide the most accurate and up-to-date possession and closing timeline based on that specific property.
You can register for updates through the StreetSide Calgary website by joining the email list for the community you are interested in. Registered buyers may receive updates about pricing, floorplans, launch dates, availability, promotions, and pre-sale opportunities. Find a Community here.