Available Programs

You could be eligible for 2 programs. Fill out the form to see what programs may be available to you.

Program #1: First Time Home Buyer Incentive Program is a Government of Canada plan intended to help first time buyers purchase a home, by making it more affordable by reducing their monthly mortgage payment without increasing their down payment.

Buying New Build Home WITHOUT Incentive Buying New Build Home WITH First Time Home Buyer Incentive Program
Purchase Price $799,900 Purchase Price $799,900
Buyers 5% down payment $39,995 Buyers 5% down payment $39,995
 Mortgage Insurance premium of 4% $30,396 Mortgage Insurance premium of 2.8% $21,277
Additional Down Payment As Shared Equity $0 Additional 10% as shared equity $79,990
You would require a Mortgage of $790,301 You would require a Mortgage of $710,311
Your Monthly payment will be Your Monthly payment will be

Program #2: The Home Buyers’ Plan allows you to take funds out of your Registered Retirement Savings Plan, known as your RRSPs. This means you can borrow up to $25,000 for your downpayment tax-free. What’s more, if you and your partner both have RRSPs, you are each entitled to withdraw this same amount for a total of $50,000

Fill out this form to find available programs.

Accolade P4 – 9886

PENDING

Beds

5

Baths

3

SQ FT.

2329

$1119
Bi Weekly
%
Guaranteed Possession Date: Move In Ready!
The Accolade is an Evolve model has everything you want and need in a home. Double attached garage with 2' added to the width, separate side entrance & 9' ceilings on the main & lower level & Luxury Vinyl Plank Flooring throughout the main floor. Inviting foyer with large coat closet and from garage door access there is another closet and a convenient full 3 piece bath that is also connected to the main floor bedroom with a walk-in closet and from there it opens up to the open concept Nook, Great Room & Kitchen. The highly functional kitchen has generous quartz counter-tops (throughout home) an island with flush eating ledge, Silgranit sink with a Moen “Indie” black matte pull down faucet, a microwave shelf, chimney style hood fan, full height tiled backsplash and plenty of Thermofoil cabinets with uppers that go to the ceiling and soft close doors and drawers, large corner pantry & SLD recessed & pendant lighting. Great room with fireplace and nook have large windows and a garden door to the back yard. A bright primary suite offers a walk-in closet on the other side of the a 5-piece ensuite with double sinks, a tub and a walk-in shower w/ glass doors. There is a convenient bonus room with views to the great room that is open to below, a main 3-piece bath, a laundry area and three more comfortable bedrooms with plenty of closet space. A beautiful appliance package, upgraded railings,extra side windows & a 715 Sq Ft. legal suite in the basement with a full kitchen, nook, family room, laundry room, bedroom and 3 piece bath.Blinds,drapes & deck included.
Bonus Room
Upstairs Laundry
Main Floor Bedroom
4th Bedroom
5th Bedroom
5-Piece Ensuite
Side Entrace
Legal Suite
Open to Below
Railings
9 Foot Main Floor
9 Foot Basement
Previous Show Home
Luxury Kitchen Package
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Lot Features

Lot Location: Interior
Lot Shape: Regular
Walkout: No
Zero Lot: No
Park View: No
Lake View: No
Lot Direction: Southeast

The information provided for all properties displayed on this website is believed to be accurate but is not guaranteed and should be verified. Call 780-800-7594 in order to obtain the complete information on each property.

Building Type

Town Home

Garage Stalls

2+

Colourboard Selection

SANTORINI BREEZE

Interior Rooms

Mudroom: No
Den: No
Spice Kitchen: No
Bonus Room: Yes
Upstairs Laundry: Yes
Main Floor Bedroom: Yes
4th Bedroom: Yes
5th Bedroom: Yes

Interior Features

3 Piece Ensuite: No
4 Piece Ensuite: No
5 Piece Ensuite: Yes
Side Entrance: Yes
Legal Suite: Yes
Finished Basement: No
Walkout Basement: No
Open to below: Yes
Condo Fees: No
Railings: Yes
9 Foot Main Floor: Yes
9 Foot Basement: Yes
Side Windows: No
Previous show home: Yes
Includes Landscaping: No

Included Upgrades and Options

Luxury Kitchen Pkg:Yes
Luxury Garage Pkg:No
Basement Rough-Ins Pkg:No
Stand Up Shower:No
Smart Package:No

Appliance

This home includes a standard appliance package which contains a fridge, free-standing range, over-the-range microwave, dishwasher, and washer/dryer. Depending on the stage of the home, buyers can upgrade select appliances.

Warranty

All Sterling homes are covered by the Alberta New Home Warranty Program (ANHWP).Under the ANHWP, your home is covered for one year on materials (the flooring, fixtures, baseboards etc.), two years on the heating, plumbing and electrical systems, five years on building envelope (the roof and exterior walls) and ten years on all the structural components.

+ Click to view standard specifications

+ Additional Resources

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Estimated construction completion date:April 2024

Build times can vary greatly, due to circumstances that we can’t always control. The estimated construction timelines are estimated, and consist of averages. Please be aware that timeline can change during the construction. Call 780-800-7594 in order to obtain the complete information on each property.

Commute Time

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Mortgage amount

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Monthly payment

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* Mortgage Calculator and Bi-Weekly payments are for illustrative purposes only. This calculator does not qualify you for a mortgage or loan. Information such as interest rates, pricing, and payments are estimates intended for comparison only. Consult a financial professional.

At Sterling Homes, we strongly believe in building homes that are not only beautiful and comfortable but are also environmentally friendly and sustainable. BUILT GREEN® Canada is a national non-profit industry-driven organization that promotes, encourages, and supports the construction of environmentally responsible homes. Homes certified BUILT GREEN® Gold or Platinum qualify for a 25% mortgage insurance rebate.

At Sterling Homes, we strongly believe in building homes that are not only beautiful and comfortable but are also environmentally friendly and sustainable. BUILT GREEN® Canada is a national non-profit industry-driven organization that promotes, encourages, and supports the construction of environmentally responsible homes. Every single home Sterling builds is certified BUILT GREEN®, and is then tiered within their program. Homes certified BUILT GREEN® Gold or Platinum qualify for a 25% mortgage insurance rebate.

The price of a home with Sterling Homes encompasses the home itself, the lot the home is built on, the GST, an appliance package, and enrollment in the Alberta New Home Warranty Program.

All Sterling homes are covered by the Alberta New Home Warranty Program (ANHWP).Under the ANHWP, your home is covered for one year on materials (the flooring, fixtures, baseboards etc.), two years on the heating, plumbing and electrical systems, five years on building envelope (the roof and exterior walls) and ten years on all the structural components.

The minimum amount you can put down is 5% of the home’s value, as long as the home costs $500,000 or less. If the cost of the home is over $500,000, the minimum you’ll need to pay is 5% on the first $500,000 and 10% on the remaining balance.
So for example, if your home costs $600,000 the minimum down payment would be:

5% of $500,00 = $25,000
10% of $100,000 = $10,000
Total minimum down payment = $35,000

Have more questions? Check out our blog and our knowledge base, where we answer over 400 questions for homebuyers like you and provide tips for buying or selling a home in Edmonton.

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