New Homes for Sale in Greystone

Greystone is still in active development, which means buyers can choose between homes that are move-in ready (quick possession) and those that are earlier in the construction process (pre-sale or spec builds). Quick-possession homes let you see the finished product before you commit and typically close within 30 to 90 days. Pre-sale homes allow more input on finishes and upgrades, but you'll be waiting several months for completion and carrying some pricing risk if your circumstances change. With 7 detached, 6 semi-detached, and 5 townhouse listings currently active, there's a reasonable cross-section of options depending on your budget and lifestyle.

New-build pricing in Greystone can look attractive on paper, but it's important to understand what a builder's base price typically does not include. Most base prices in Alberta exclude rear and side yard landscaping, fencing, window coverings, appliances, and basement development. Upgrades to flooring, cabinetry, and fixtures are priced separately through the builder's design centre and can add tens of thousands of dollars to your final cost. Budget for these items early so your total cost of ownership is clear before you sign a purchase agreement.

There are two regulatory items every new-build buyer in Alberta should understand. First, new homes in Alberta are covered under the Alberta New Home Warranty Program, which provides mandatory coverage for one year on labour and materials, two years on mechanical systems, and ten years on major structural components. Second, GST applies to the purchase of a newly built home. You may qualify for a partial GST rebate if the purchase price is under $450,000, but on homes above that threshold the full 5% applies with no rebate — a significant cost to factor into your budget. These items don't apply when buying resale, which is one of the key ways a new-build transaction differs from a standard MLS® purchase.