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
$688,800
Purchase Price
$688,800
Buyers 5% down payment
$34,440
Buyers 5% down payment
$34,440
Mortgage Insurance premium of 4%
$26,174
Mortgage Insurance premium of 2.8%
$18,322
Additional Down Payment As Shared Equity
$0
Additional 10% as shared equity
$68,880
You would require a Mortgage of
$680,534
You would require a Mortgage of
$611,654
Your Monthly payment will be
$1,788
Your Monthly payment will be
$1,634
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
PERFECT LANED HOME WITH INCOME GENERATING GARDEN SUITE! This Sansa has been slightly modified to add an additional 2 ft. to the width of the home to make it 1628 Sq. Ft. It has 9 ft. ceilings on main floor & a separate side entrance but that is not all! It sits on a corner lot with extra side windows and has a garden suite over the 2 car garage in the rear of the property. Both home and garage suite have Luxury Vinyl Plank flooring throughout the main floor. The kitchens have quartz counter-tops (throughout home), 4" quartz back splashes, Silgranit sinks, over the range Microwaves, Thermofoil cabinets with soft close doors and drawers & recessed lighting. Garden suite sized and standard size appliance packages are included. The main home has an inviting foyer with convenient coat closet leading to cozy great room with lots of natural light through the large front window and an open concept dining area. The highly functional L shaped kitchen located at the rear of the home has an island with pendant lighting, and a pantry. The 1/2 bath is located near the rear entry and leads to a surprisingly spacious back yard. The upper floor has an open loft area and upper floor laundry area. A bright master suite offers a substantial walk-in closet and a 3 piece ensuite with a tub/shower combo. The main 3 piece bath and comfortable second and third bedrooms with plenty of closet space complete the upper floor. The Garden suite has 511 sq. ft. of living space and 511 sq. ft. of garage space that is great for in-laws, college students or great rental income. There are two separate foot traffic entries for the garage and the garden suite and a rear entry for access to the mechanical room. The main level is a two car garage with a drywalled interior. Up the stairs the second floor garden suite has a vaulted ceiling. The eat-in kitchen and living room are open concept & the living room has lots of natural light coming from large windows. Between these two rooms there is a hallway that accesses the laundry closet with stackable washer & dryer, the 3 piece bathroom with a tub/shower combo and the bedroom that is carpeted. The bedroom features a large walk-in closet and beautiful windows that make the bedroom feel very roomy.
Sterling Homes is now a proud member of BUILT GREEN® Canada, offering our customers the best of both worlds: high-quality, energy-efficient homes that are also highly affordable. BUILT GREEN® Certified homeowners can get up to a 25% mortgage rebate.
Tailor your home to meet your unique needs. Whether you’re looking at a quick possession or a pre-sale home, you can personalize it with floorplan options, kitchen selections, add-on options, and more! Ask us how!
ON NOW: Enjoy 50% OFF upgrades when you choose a pre-sale home - up to $20,000 in savings!*
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.
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.
PERFECT LANED HOME WITH INCOME GENERATING GARDEN SUITE! This Sansa has been slightly modified to add an additional 2 ft. to the width of the home to make it 1628 Sq. Ft. It has 9 ft. ceilings on main floor & a separate side entrance but that is not all! It sits on a corner lot with extra side windows and has a garden suite over the 2 car garage in the rear of the property. Both home and garage suite have Luxury Vinyl Plank flooring throughout the main floor. The kitchens have quartz counter-tops (throughout home), 4" quartz back splashes, Silgranit sinks, over the range Microwaves, Thermofoil cabinets with soft close doors and drawers & recessed lighting. Garden suite sized and standard size appliance packages are included. The main home has an inviting foyer with convenient coat closet leading to cozy great room with lots of natural light through the large front window and an open concept dining area. The highly functional L shaped kitchen located at the rear of the home has an island with pendant lighting, and a pantry. The 1/2 bath is located near the rear entry and leads to a surprisingly spacious back yard. The upper floor has an open loft area and upper floor laundry area. A bright master suite offers a substantial walk-in closet and a 3 piece ensuite with a tub/shower combo. The main 3 piece bath and comfortable second and third bedrooms with plenty of closet space complete the upper floor. The Garden suite has 511 sq. ft. of living space and 511 sq. ft. of garage space that is great for in-laws, college students or great rental income. There are two separate foot traffic entries for the garage and the garden suite and a rear entry for access to the mechanical room. The main level is a two car garage with a drywalled interior. Up the stairs the second floor garden suite has a vaulted ceiling. The eat-in kitchen and living room are open concept & the living room has lots of natural light coming from large windows. Between these two rooms there is a hallway that accesses the laundry closet with stackable washer & dryer, the 3 piece bathroom with a tub/shower combo and the bedroom that is carpeted. The bedroom features a large walk-in closet and beautiful windows that make the bedroom feel very roomy.
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.
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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.
Payment #
Payment
Interest
Principal
Balance
At Sterling Homes, we are committed to energy efficient living. When compared to standard building codes, a Sterling home built to our standards will save you on your energy bills. Learn how we calculate energy savings.
Energy Cost Comparison
1 Year
5 Year
10 Year
Sterling Home
$0
Typical New Home
$0
COST SAVINGS FOR YEAR
$0
Please note that these prices can change without notice due to architectural controls, stage of construction, exterior elevation requirements, and unforeseen fluctuations in the cost of products, raw materials or labour. We carefully check pricing and product specifications, but occasionally errors can occur, so we reserve the right to change both without notice. Call 780-800-7594 in order to obtain the complete information on each property.
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.
