New Homes for Sale in Mahogany

Mahogany's lake amenity, beach club access, and connected pathway system have made it one of Calgary's most sought-after communities for new construction. With 53 new-build listings currently active, the average price sits at approximately $802,471. At the lower end of the range, around $239,900, you're typically looking at apartment-style condos; mid-range pricing in the $600,000s to $900,000s generally covers semi-detached and row/townhouse products, while detached homes — some with up to six bedrooms — push into the $800,000s and well beyond, with lakefront or premium lots reaching $2,890,000. Because Mahogany is in its later stages of community build-out, lot selection is more limited than it was several years ago, which means acting relatively quickly on a preferred lot or plan makes sense.

One of the most important things to understand when buying new construction is what the builder's advertised base price does and does not include. In most cases, landscaping, fencing, window coverings, finished basements, and sometimes even appliances are not part of the base price — they are upgrades or are left entirely to the buyer after possession. A quick-possession or spec home is one the builder has already started or completed, often with selections already made; these can close much faster but offer less flexibility. A pre-sale or presale agreement lets you choose finishes and sometimes floor plan options, but your possession date may be 6 to 18 months away and can shift. Either way, your purchase contract will be with the builder directly, not negotiated the same way a resale deal is, so having a REALTOR® review the builder's contract before you sign is strongly advisable.

All new homes in Alberta built by a licensed residential builder are covered under the Alberta New Home Warranty Program, which provides mandatory coverage for defects in materials and labour, delivery and distribution systems, building envelope, and structural components — each at different coverage terms. GST also applies to new construction and is an additional cost buyers must budget for; in many cases a partial GST rebate is available depending on the purchase price, but you should confirm the specifics with your lawyer or accountant. These are costs and considerations that simply don't exist in a resale transaction, making it all the more useful to work with a REALTOR® who regularly works with new-build purchases in Calgary.