Closing A Pre-Construction Property in Calgary
Hi, my name is Kyle Dovigi and I have helped over 150 people to close on their pre-construction properties in Calgary - including 4 of my own personal properties! Learn from my experience and mistakes! I am here to help, so contact me anytime.
Whether you're a first-time investor or adding to your portfolio, this guide is designed to make the closing process as simple and stress-free, and to protect your investment. I’ll walk you through every step—what to expect, what to prepare, and how to ensure a seamless closing from start to finish.
SECTION 1
Preparing for Closing
SECTION 2
Required for Closing
SECTION 3
30 Days Before Closing
SECTION 4
Closing Week
SECTION 6
Maximizing Your Investment
21) GST Rebate
When you buy a pre-construction property, you may be eligible for a GST Rebate of up to $6,300.
22) Deficiencies & Warranty
Every new home in Alberta comes with a mandatory 10-year warranty, covering defects in construction and issues that may arise according to a set schedule.
23) Short-Term Rentals
Short-term rentals like Airbnb & VRBO can be lucrative, but they must be licensed, require extra furnishing investments, and are impacted by government policy and external factors–approach with caution.
24) Income & Taxes
Taxes are unavoidable but taking a few steps can significantly lower your income and the taxes you have to pay on your investment property.
25) Assignments
An assignment simply means to sell your unit to someone else before closing–you assign your purchase rights to another party who steps into the transaction “in your shoes”.
26) Selling Your Property
Selling a property is about more than just listing it—it’s about getting top dollar for your property with a seamless, stress-free process and that’s where I can help!
27) Growing Your Portfolio
I’m not just another agent trying to sell you something—I’m your long-term real estate partner, here to help you build and scale your investment portfolio over the next 30 years.
28) Get In Touch
Have questions or want to start your journey to becoming a Condo Millionaire? It just takes one property and time so get in touch today!