Quick take: Edmonton's resale market softened in August, sales down, inventory up, prices flat to slightly lower, while the city simultaneously kept 18,544 homes moving through construction, one of the strongest population-adjusted building rates of any major Canadian market. Those two facts are usually reported separately. Looked at together, they point toward more choice and more negotiating room for buyers over the months ahead, whether they're shopping resale or new construction.

This article is part of my Edmonton New Construction Buyer’s Guide.

Free download: my New-Construction Buyer Checklist. Two printable pages, from your first show home visit to your one-year warranty.

Edmonton Real Estate Market Snapshot  September 2026

The latest complete statistics available when this article was published cover August 2026, for Greater Edmonton (Edmonton and several surrounding municipalities), alongside CMHC's newest construction data reported September 16, 2026.

Sources: REALTORS® Association of Edmonton, August 2026 statistics; CMHC, Fall 2026 Housing Supply Report and August 2026 construction data; Bank of Canada, September 2, 2026 rate decision.

For current advertised mortgage-rate examples, see MortgagesForLess.ca's Alberta mortgage rates. For Bank of Canada announcements and local context, see Edmonton Home Team's Bank of Canada updates. Actual mortgage rates vary by lender, down payment, mortgage-insurance status, amortization, property and borrower qualifications.

What the Board's Own Numbers Show

• Sales: 2,143 residential sales in August, down 15.4% from July and down 9.8% from a year earlier

• New listings: 3,769, down 8.1% month over month but still up 3.3% year over year

• Inventory: 15.1% higher than August 2025

• Average selling price: $469,602, down 1.1% from July but up 1.8% year over year

• MLS® HPI composite benchmark price: $426,900, down 0.6% from July and down 0.6% from August 2025

• Sales-to-new-listings ratio: approximately 56.9% (2,143 sales ÷ 3,769 new listings)

The REALTORS® Association of Edmonton didn't officially call this a buyer's market. But its own language is worth paying attention to, the Association said there are indicators that "a shift in the wider market is taking place," and warned that ample supply without enough demand could put downward pressure on prices beyond normal seasonal patterns.

That sales-to-new-listings ratio of 56.9% still sits inside the standard "balanced" range on paper. What matters more is the direction: sales falling, inventory building, the benchmark price softening, and the board itself flagging what could happen next if demand doesn't keep pace.

Meanwhile, Edmonton Keeps Building

CMHC's newest data shows Edmonton had 18,544 homes under construction in August 2026, up from 18,289 in July. The pipeline has grown every month since spring:

• May: 17,440

• June: 17,878

• July: 18,289

• August: 18,544

The growth rate is slowing, though:

• May → June: +2.5%

• June → July: +2.3%

• July → August: +1.4%

At the same time, approved units waiting to start construction have moved from 5,503 in June to 5,316 in July and 5,262 in August. That doesn't mean Edmonton builders have stopped building, they haven't. It means a very large amount of housing is still moving through the pipeline, while there are early signs worth watching around what comes next.

Edmonton Is Still Building at One of the Strongest Rates Among Major Canadian Markets

A raw number like 18,544 doesn't tell you whether that's actually a lot relative to the size of the city. CMHC's Fall 2026 Housing Supply Report answers that by comparing housing starts per 10,000 residents across major Canadian markets for the first half of 2026:

• Calgary: 61

• Edmonton: 51

• Vancouver: 41

• Ottawa: 37

• Montréal: 30

• Toronto: 19

Among the six markets CMHC compared, only Calgary built more per capita. Edmonton's rate is down about 20% from the unusually high pace set in 2025, but CMHC's own report notes construction here "remains above historical averages", meaning this is a slowdown from a very high level, not from a low one. A significant amount of housing is already committed and will keep moving toward completion regardless of what resale demand does in the short term.

Why Completions Bounce Around So Much

July completions jumped to 1,729 units. In August they dropped 11.4% to 1,532. I wouldn't read too much into either month by itself.

Multi-family construction makes completion numbers naturally lumpy. If a large apartment project finishes, hundreds of units can move into the completed category at essentially the same time, July's 1,729 completions included 908 apartment units, more than half the total, almost certainly reflecting one or two larger buildings wrapping up at once. The next month can then show a substantial decline without anything fundamentally changing in the market. That's why the overall construction pipeline is more informative than whether completions happen to be up or down in any single month.

What This Means If You're Buying

• You likely have more room to compare homes, neighbourhoods, builders and specifications than you did a year ago, rather than feeling pressure to jump at the first listing that fits.

• New construction and resale increasingly compete for the same buyers, a family looking at a detached home might be comparing a five-year-old resale property with a quick-possession home from a builder.

• If you're considering new construction, look at the all-in price, not just the advertised base price. Confirm whether GST is included and whether the builder's price assumes an available rebate. Qualifying first-time buyers may be eligible for up to $50,000 through the [First-Time Home Buyers’ GST Rebate]. Builder incentives, such as appliances, air conditioning, landscaping, upgrades or possession terms, should also be valued based on what they are actually worth to you.

  Financing conditions matter too. Buyers should compare current mortgage rates, but amortization can matter just as much. If your down payment is less than 20%, a 30-year insured mortgage may be available if you're a first-time buyer and/or purchasing a new build. See my 2026 guide to 30-year mortgages in Alberta for the current rules and payment trade-offs.

If you want a second set of eyes on a specific listing or builder offer before you commit, call or text Jay Lewis at 780-220-8449 no pressure, just a sounding board.

What This Means If You're Selling

• Understanding your competition matters more than it did a year ago, and your competition may not just be another resale home down the street. If you're near an active new community, buyers may be comparing your home against a brand-new property.

• That comparison isn't purely about price. A resale home may already have landscaping, fencing, a deck, window coverings, appliances or a finished basement; a new home may offer warranty coverage and modern systems. Buyers weigh the whole package.

• With inventory up 15.1% year over year, accurate pricing from the start matters. Overpricing into a market with this much competing supply typically means a longer time on market and eventual price reductions.

If you're weighing when to list or how to price against nearby new construction, reach out to Jay Lewis at 780-220-8449 or jay@jaysells.ca for a current comparison of your specific street.

What This Means If You're Building or Considering New Construction

• A growing under-construction count paired with a shrinking not-yet-started pool suggests the next wave of completions will land in a resale market that's already softening, worth factoring into your timing if you have flexibility.

• If you want a deeper comparison of the two paths, I've written a full guide to new construction vs. resale homes in Edmonton, covering warranty coverage, GST treatment, contract terms and what to watch for with a builder's sales representative.

• Before you register with or visit a builder's show home, contact Jay Lewis at 780-220-8449 if you want your own representation, builder cooperation and registration policies vary, and some require your REALTOR® to be identified at the first visit.

So, Is Edmonton Becoming a Buyer's Market?

The numbers tell us something more useful than the label. Inventory is higher, sales are lower, the benchmark price has softened slightly, and the REALTORS® Association of Edmonton is openly warning that prices could face additional downward pressure if demand doesn't keep pace with supply. That's a market shifting in the buyer's direction.

But Edmonton isn't experiencing a housing-market collapse. The benchmark price is only 0.6% lower than a year ago, while the average selling price remains 1.8% higher. Both things can be true at once: buyers can be gaining leverage without prices falling dramatically.

What I'm Watching Next

The more interesting question isn't whether we can officially call Edmonton a buyer's market today, it's what happens next. Resale inventory is already elevated and demand has softened, while 18,544 homes remain under construction and Edmonton posts one of the strongest population-adjusted building rates among major Canadian markets. If resale inventory stays elevated while that construction pipeline moves toward completion, buyers could gain additional leverage. If demand strengthens enough to absorb the new supply, the picture could shift again. That's why I'm watching the pipeline, not just this month's sales number.

For buyers right now, the important thing is that you have something valuable: more choice. Use it.

Get the New-Construction Buyer Checklist

Trying to decide between new construction and resale in Edmonton or the surrounding area? Contact Jay Lewis for a new-construction buyer checklist and a side-by-side comparison of what your budget can buy in both markets.

Call or text Jay Lewis: 780-220-8449 Email: jay@jaysells.ca Website: jaysells.ca

Get my free New-Construction Buyer Checklist

Thinking about a new build? My free, printable 2-page checklist covers what to check at every stage, from your first show home visit to your one-year warranty.

Get the free checklist →

Frequently Asked Questions

Is Edmonton a Buyer's Market in 2026?

Edmonton is showing more buyer-friendly conditions, but the market is not uniform across every neighbourhood, property type or price range. In August, inventory was 15.1% higher than a year earlier while residential sales were 9.8% lower. The better takeaway is that many buyers have more choice and negotiating room than they did earlier in the year.

How Many Homes Are Under Construction in Edmonton?

CMHC reported 18,544 homes under construction in the Edmonton CMA in August 2026, up from 18,289 in July.

Is Edmonton Still Building a Lot of Homes Compared With Other Canadian Cities?

Yes. Edmonton recorded approximately 51 housing starts per 10,000 residents in the first half of 2026, placing it among the highest construction rates of the major markets compared in the CMHC report.

Why Are So Many Homes Still Under Construction if the Market Is Slowing?

Construction responds to changing conditions with a delay. Homes and multi-family projects that are already underway continue toward completion even when resale demand begins to soften.

Could More New Construction Push Edmonton Home Prices Lower?

More supply can increase buyer choice and competition, but construction alone does not determine prices. Demand, population growth, interest rates, location, property type and the pace at which inventory is absorbed all matter.

Should I Wait to Buy a Home in Edmonton?

There is no reliable way to identify the exact bottom of a housing market in advance. More inventory can create better selection and negotiating opportunities, but the decision should depend on the specific property, your financing, your timeline and how long you expect to own the home.

Why Did Edmonton Home Completions Drop in August?

Monthly completions can vary significantly, particularly when large multi-family projects finish in batches. One month's decline does not necessarily indicate that construction activity has stopped or materially changed direction.

Sources and Important Information

• REALTORS® Association of Edmonton  August 2026 Monthly Market Statistics

• CMHC Fall 2026 Housing Supply Report

• CMHC  Monthly Housing Starts and Construction Data Tables

• Bank of Canada  September 2, 2026 Rate Decision

• MortgagesForLess.ca  Alberta Mortgage Rates

• Edmonton Home Team  Bank of Canada Updates

Thinking About Buying in Edmonton?

If you're comparing your options or planning a move in Edmonton, Sherwood Park, Fort Saskatchewan, Devon, Spruce Grove or Stony Plain, I can help you understand how the details fit into the bigger picture. With more than 25 years in new construction, on the trades and sales sides, I bring a builder’s eye perspective to the buying process.

Call or text Jay Lewis at 780-220-8449

Jay Lewis | REALTOR® | RE/MAX Excellence

Want to see more Edmonton real-estate updates from JaySells.ca in Google? Add JaySells.ca as a Preferred Source.

This article provides general information only and is not legal, tax, accounting or mortgage advice. Real-estate market statistics, construction data and mortgage rates can change. Confirm information that applies to your specific transaction with the appropriate qualified professional. The August 2026 completions figure for Edmonton is cited as reported by CMHC's September 16 release.

Short answer: There's no single reliable cost-per-square-foot number for new construction in Edmonton. Based on 2026 industry estimates and what I'm seeing with Edmonton-area builders, construction alone typically runs roughly $175 to $230 per square foot for entry-level finishes, $230 to $290 for mid-range and $290 to $350+ for upper-end homes. Land, lot premiums, permits, servicing, GST and upgrades can add substantially to that, so compare all-in prices, not the headline number. Prices change often with market conditions and world events, so treat any figures here as general estimates only.

By Jay Lewis, REALTOR® | RE/MAX Excellence · Updated September 30, 2026

This article is part of my Edmonton New Construction Buyer’s Guide.

Free download: my New-Construction Buyer Checklist. Two printable pages, from your first show home visit to your one-year warranty, including what to confirm is in the price before you compare builders.

For buyers comparing builders, the more important question isn't "What's your price per square foot?" It's "What exactly am I getting for that price?" With more than 25 years in new construction, on the trades side and the sales side, I use price per square foot as a comparison tool, not a substitute for reviewing the plans, specifications, lot and included features.

What does new construction cost per square foot in Alberta in 2026?

Based on 2026 industry estimates and what I'm seeing with Edmonton-area builders, construction-only costs typically fall in these ranges, by finish level:

• Entry level (standard finishes): about $175 to $230 per sq ft

• Mid-range (upgraded flooring, kitchen and bathrooms): about $230 to $290 per sq ft

• Upper range (custom millwork, high-end fixtures and appliances): about $290 to $350+ per sq ft

Land, permits, servicing and professional fees come on top of these numbers and can add substantially to the total project cost. Treat these as ballpark ranges, not quotes.

Important: construction prices change often, sometimes quickly, with market conditions and world events, including material and labour costs, interest rates, tariffs and supply-chain disruptions. The figures in this article are general estimates for comparison only. Always get current, written pricing from the builder for the specific home, lot and specifications you're considering.

A simple illustration: at $230 per square foot, a 2,000 sq ft home works out to about $460,000 for construction alone, before land, lot premiums, permits, GST and upgrades. That's why two homes with similar square footage can end up far apart in total price.

Why is a builder's price per square foot different from a custom-build estimate?

When you buy from a production builder in Edmonton, you usually pay a package price for the home and lot together, often with GST treatment and some inclusions built in. Dividing that package price by the square footage gives a different number from a construction-only estimate. It isn't wrong; it's just measuring something different. Always check what a quoted number includes before comparing it with another.

What does cost per square foot usually leave out?

Depending on the builder and project, a quoted price may exclude, or treat separately:

• Land or the lot price, and lot premiums

• Building permits and municipal fees

• Site servicing, grading and drainage work

• Landscaping and fencing

• Decks and exterior concrete

• Appliances and window coverings

• Basement development

• Design-centre upgrades

• Financing and legal costs

• GST

GST deserves particular attention. A builder's advertised price may already include GST, and it may also assume that an available rebate will be assigned or credited to the builder. Eligible first-time buyers of qualifying new homes may qualify for up to $50,000 in federal GST relief. See my 2026 Alberta new-home GST rebate guide for the current rules and price thresholds.

For the costs that come on top of the builder's price, like legal fees, land title registration, insurance and possession-day adjustments, see what is included in a builder base price in Edmonton.

How do I compare builder pricing properly?

Two builders can quote very different prices per square foot and still be offering homes with very different specifications, inclusions and final costs. Before comparing one builder with another, ask:

1. Is the lot included, and is there a lot premium?

2. Is GST included, and has any GST rebate already been assumed in the price?

3. What flooring, cabinetry, countertops and fixtures are standard?

4. Are appliances and air conditioning included?

5. Are landscaping, fencing, a deck, the driveway, sidewalks and exterior concrete included?

6. What electrical, plumbing and mechanical specifications are standard?

7. Are there design-centre allowances, and which upgrades would you realistically choose?

8. Are there architectural or community requirements that add cost?

9. What closing adjustments or additional fees should you expect?

The useful comparison isn't Builder A at $240 per square foot versus Builder B at $260. It's the all-in price of two similarly equipped homes on comparable lots. For deciding which upgrades are worth it, see which new home upgrades are worth it. For what to check in the agreement, see my Alberta builder contract checklist.

Get my free New-Construction Buyer Checklist

Thinking about a new build? My free, printable 2-page checklist covers what to check at every stage, from your first show home visit to your one-year warranty.

Get the free checklist →

Frequently asked questions

How much does it cost per square foot to build a home in Edmonton in 2026?

There's no single reliable number, because it depends on the type of home, specifications, lot, site conditions and what the quoted price includes. In 2026, construction alone typically ranges from about $175 per square foot for construction alone with entry-level finishes to $350+ for upper-end homes, before land and other costs.

Does a builder's price per square foot include the lot?

Not always. Some advertised prices include the lot, while others have separate lot costs or lot premiums. Ask the builder exactly what's included before comparing the number with another home.

Is GST included in new-home prices in Edmonton?

It depends on how the builder advertises the home. GST may already be included, and the price may also assume an available GST rebate. Confirm both before comparing builders. Eligible first-time buyers may qualify for up to $50,000 through the First-Time Home Buyers' GST/HST rebate (Canada Revenue Agency).

Why can two homes with the same square footage cost so differently?

Square footage doesn't show differences in cabinetry, flooring, windows, mechanical systems, ceiling heights, structural features, lot conditions, exterior finishes or included upgrades. Two 2,000 sq ft homes can have very different construction costs.

Is new construction more expensive than resale in Edmonton?

Not right now. In the 30 days to September 28, 2026, the median new detached family home in Edmonton sold for about $289 per square foot, compared with about $308 for resale (REALTORS® Association of Edmonton MLS® data: 3+ bedrooms, 2+ full bathrooms and an ensuite). New-build prices respond to inventory: almost 600 new family homes were for sale and 81 sold, up from about 500 for sale a year earlier, and the median new home sold for about 4% less than a year ago. When new-build inventory swells, builders adjust prices and incentives; when it tightens, prices can firm up again. The new homes in that data were also larger, and many resale homes have finished basements that aren’t counted in the square footage. So compare current numbers and the whole package: price, GST, basement, upgrades and warranty. Prices change often with market conditions and world events. See new construction vs. resale in Edmonton for a full comparison.

Comparing builder pricing in the Edmonton area?

If you're comparing builders in Edmonton, Sherwood Park, Fort Saskatchewan, Devon, Spruce Grove or Stony Plain, I can help you look beyond the advertised price per square foot and compare the actual specifications, lot costs, upgrades and total investment. This is one of the areas where I encourage buyers to slow down. Call or text me at 780-220-8449, or book a 20-minute call.

Jay Lewis | REALTOR® | RE/MAX Excellence

Sources:Canada Revenue Agency: First-Time Home Buyers' GST/HST rebate

Want to see more Edmonton real-estate updates from JaySells.ca in Google? Add JaySells.ca as a Preferred Source.

Short answer: Before you sign a builder's purchase agreement in Alberta, check eight things: possession date and delay terms, deposits and how they're protected, what's included in the price, upgrade and selection terms, warranty coverage, price-adjustment clauses, assignment and resale limits, and the builder's right to make changes. Have an Alberta real estate lawyer review it before it becomes firm.

By Jay Lewis, REALTOR® | RE/MAX Excellence · Updated September 26, 2026

This article is part of my Edmonton New Construction Buyer’s Guide.

Free download: my New-Construction Buyer Checklist. Two printable pages, from your first show home visit to your one-year warranty, including the contract questions to ask before you sign.

A builder contract is not the same as a typical resale purchase agreement. It's prepared for the builder and can contain detailed terms covering deposits, possession delays, upgrades, price adjustments, substitutions, warranty coverage and your ability to assign or resell the contract. Before making the agreement firm, you should understand exactly what's included in the price, what can still change, what deadlines you're agreeing to, and what happens if the build or possession doesn't go as expected.

With more than 25 years in new construction, on the trades and sales sides, I pay particular attention to the specifications and construction details that are easy to overlook when the focus is on floor plans and finishes. I can help you work through the process and identify questions to raise, but a qualified Alberta real estate lawyer should give you legal advice on the contract itself.

Quick checklist: builder contract in Alberta

• Possession date: fixed or estimated? What notice, reasons and maximum extension apply?

• Deposits: how much, when, refundable when, and how protected?

• Price: exactly what's included, and does it include GST and any rebate?

• Upgrades and selections: deadlines, allowances, deposits and substitutions

• Warranty: who the provider is, and what the coverage and exclusions are

• Price adjustments: can the price change before possession?

• Assignment and resale: permitted, fees, builder approval?

• Builder changes: materials, plans, grading and exterior features

• Conditions: financing, sale of your home, lawyer review

1. How firm is the possession date?

The possession date in a builder contract isn't always guaranteed the way buyers expect with a resale purchase. A new-construction agreement may give the builder the right to extend or adjust possession for reasons such as construction delays, trade availability, material shortages, permitting, inspections, weather or other circumstances described in the contract.

Before signing, understand:

• Whether the possession date is fixed, estimated or subject to extension

• How much notice the builder must provide if possession changes

• What reasons allow the builder to delay possession

• Whether there's a maximum extension period

• What happens to your deposit if the delay becomes significant

• Whether you have any right to terminate the agreement after a certain point

• How a delay could affect your mortgage approval, rate hold, current lease or the sale of your existing home

Don't assume the date on the front page of the agreement is guaranteed. If you have a hard deadline, such as a lease ending or a sale closing on your current home, have your lawyer explain the possession and extension clauses before the agreement becomes firm.

2. How are deposits paid and protected?

Builder contracts usually require one or more deposits. Before signing, understand:

• How much is required, and when

• When the deposit is refundable, and when it could be at risk

• Who holds the deposit, and whether it's held in trust

• Whether the deposit is covered by deposit protection, and up to what amount

Protection differs by home type. For new condominium units, Alberta's Condominium Property Act requires deposits to be held in trust. For other new homes, such as single-family homes, protection depends on the builder and the coverage offered through its warranty provider, so ask how your deposit is protected, and to what limit, before you pay it. Your real estate lawyer can explain what the deposit terms mean for you.

3. What's actually included in the price?

A builder's advertised price doesn't always tell you the total cost of getting the home to the condition you expect at possession. Confirm exactly what's included and what costs extra. Depending on the builder and property, this can include:

• Lot premiums

• GST, and whether any GST rebate has already been assumed

• Appliances

• Flooring and cabinetry allowances

• Lighting and plumbing fixtures

• Air conditioning

• Garage heater or electrical upgrades

• Decks, fencing and landscaping

• Driveway, sidewalks and exterior concrete

• Window coverings

• Basement development

• Architectural or community requirements

If an item, finish or upgrade matters to you, make sure the agreement or its schedules clearly identify it. Don't rely on a conversation or on what you saw in the show home. Eligible first-time buyers may qualify for significant GST relief on a new home; see my 2026 Alberta new-home GST rebate guide for the current rules and how it's handled at closing.

The number I want buyers comparing isn't the builder's base price. It's the all-in cost of getting the home to the condition you actually want.

4. What are the upgrade and design selection terms?

If you're buying before construction is complete, design selections can change the final price significantly. Before signing, clarify:

• When design and upgrade appointments must be completed

• Which selections are included in the base price, and whether allowances are fixed dollar amounts

• How much upgrades require as a deposit, and whether upgrade deposits are refundable

• Whether upgrade pricing is guaranteed once selected

• What happens if a selected product becomes unavailable, and whether the builder can substitute without your approval

• How late changes or missed deadlines are handled

• Whether structural changes must be selected before a specific construction stage

Show homes often contain optional finishes and upgrades. Ask the builder to identify what's standard, what's upgraded and what each significant upgrade will cost in your home. Keep copies of every signed selection sheet, change order and revised price summary; they should match the final contract and closing figures. For help deciding, see which new home upgrades are worth it.

5. What does the new home warranty cover?

New homes in Alberta must have warranty coverage that meets the minimums under the New Home Buyer Protection Act. Coverage is provided through approved warranty providers and includes at least:

• 1 year: labour and materials

• 2 years: delivery and distribution systems, such as electrical, plumbing, heating, ventilation and air conditioning

• 5 years: building envelope

• 10 years: major structural components

Coverage details, exclusions and claim procedures vary by warranty provider, so review the warranty documents for your specific home. You can also confirm the builder is licensed through Alberta's public builder registry.

6. Can the price change before possession?

Some contracts include clauses that allow the purchase price to be adjusted under certain conditions, for example increases in material costs or changes in applicable taxes. Review this section carefully with your lawyer so you understand whether, and when, the price you agreed to could change before possession.

7. Can I assign or resell the contract?

Some builder contracts restrict assigning the agreement to another buyer before possession, or reselling the home for a period after possession. Even if you expect to keep the home, circumstances can change during construction. Before signing, understand:

• Whether assignments are permitted at all, and whether the builder's written approval is required

• Whether there's an assignment fee, and whether the builder can refuse

• Whether there are restrictions on marketing the property before possession

• Whether resale is restricted for a period after possession

• What happens if your circumstances change and you can't complete the purchase

Assigning a new-construction contract can also have tax and financing implications, so review those separately with the appropriate professionals.

8. Can the builder make changes to my home?

Builder contracts often allow some changes during construction, especially when a specified product, material or finish becomes unavailable. Before signing, understand:

• Whether the builder can substitute materials, fixtures or finishes, and whether substitutes must be of similar quality or value

• Whether you must be notified before a substitution, and whether you have approval rights for significant ones

• Whether the builder can change plans, dimensions or specifications

• Whether site conditions can change grading, retaining walls, steps or exterior features

Some changes in new construction are reasonable or unavoidable. The key is understanding how much discretion the contract gives the builder, and what protection you have if the finished home differs materially from what you expected.

Should a lawyer review my builder contract?

Yes. A builder contract can create obligations very different from a resale purchase agreement. Before it becomes firm, have a qualified Alberta real estate lawyer review it and explain anything you don't fully understand, including the deposit, title, warranty, possession terms, price adjustments, assignment restrictions and closing obligations. I can help you understand the process, compare builder terms and identify questions worth raising, but legal advice should come from your lawyer.

Get my free New-Construction Buyer Checklist

Thinking about a new build? My free, printable 2-page checklist covers what to check at every stage, from your first show home visit to your one-year warranty.

Get the free checklist →

Frequently asked questions

Is a builder's possession date guaranteed?

Not always. Many builder contracts allow the date to be extended for reasons listed in the agreement. Check the notice period, the reasons allowed and any maximum extension before you sign.

Can I negotiate a builder contract?

Sometimes. Builders use their own standard forms, but price, inclusions, upgrades, possession timing and conditions can sometimes be discussed, especially on quick-possession homes. What's possible varies by builder and market conditions.

Do I need my own REALTOR® to review a builder contract?

It isn't required, but having your own representation means someone is looking out for your interests when you compare terms. See Do I need a REALTOR® to buy a new build in Edmonton?

Working through a builder contract with me

If you're considering a builder purchase in Edmonton, Sherwood Park, Fort Saskatchewan, Devon, Spruce Grove or Stony Plain, I can help you compare the contract, specifications, upgrades and overall value before you make the agreement firm. Call or text me at 780-220-8449, or book a 20-minute call.

Jay Lewis | REALTOR® | RE/MAX Excellence

Sources:Government of Alberta: new home warranty · Alberta public builder registry · Canada Revenue Agency: First-Time Home Buyers' GST/HST rebate

This article is general information, not legal advice. Have a licensed Alberta real estate lawyer review any purchase agreement before you sign.

Want to see more Edmonton real-estate updates from JaySells.ca in Google? Add JaySells.ca as a Preferred Source.