Get all the answers to the most frequently asked questions (FAQs).
FAQ SADDLE RIDGE CROSSING
If you are interested, please submit the inquiry and our sales team will contact you with the next steps.
The contract will be sent via DocuSign. Clients have a maximum of 12 hours to sign the purchase agreement to begin the 10-day cool off period. If the client does not sign within 12 hours from when the contract is sent, it will automatically expire at that time.
We provide a 10-day cooling off period. Anytime within and up to the 10th day, if you wish to cancel your offer you can, with any monies received by the developer being refundable back to you.
You can deliver the deposit in person via bank draft to our sales office or speak with our sales manager to know other options.
NOTE: If a deposit is NOT received within one business day of signing the purchase agreement, it will automatically expire at that time.
The deposit information will be sent to you when you complete the application of interest for a particular suite.
$0.38 — $0.46 / SQ.FT. includes heat, water, natural gas, amenities, property management, landscaping and snow removal.
Estimated closing date will be between 4th Quarter 2025 – 1st Quarter 2026
Yes, and can be provided from a mortgage broker or any major Canadian financial institution.
Yes, assignments are permitted. However, the purchaser is responsible for any legal cost associated with the assignment estimated to be $700 – $1,000. The Purchaser shall, at the option of the Vendor, pay to the Vendor a handling charge in the amount of not less than One (1%) percent of the Purchase Price exclusive of GST to compensate the Vendor for their legal and administrative costs in connection with such assignment or direction.
Yes, to do land title registration, the lawyer who processes the closing documents needs to be in Alberta. You can sign your closing documents from the comfort of your own home. Lawyers in Alberta can sign closing documents via zoom, and then you can courier them back to your lawyer in Alberta.
INVESTOR OPPORTUNITIES
On closing day, a member from our service team will attend the closing day walk through, identify any deficiencies and email a copy of the warranty letter of possession for the customer to sign, to complete your enrollment of your property in the Alberta New Home Warranty Program.
Your total closing cost will be around $1,350.00 dollars for a legal representative to convey your purchase in Alberta. They do not need to be physically located in Alberta but must be licensed to practice in Alberta. We have also partnered with Parminder K Hundal to provide you unmatched service in Calgary should you want to use a local representative.
No. There are no hidden costs such as levies or transfer taxes. One big advantage in Alberta is that there is no land transfer tax or sales tax. Your purchase price does not include GST, unless otherwise noted.
Refer to the highlighted website link noted in your purchase contract that includes all condo disclosure documents. Who pays for utilities & how is that set up? The owner sets up & pays for the utilities for their unit. Most utility providers require lead times of 3-4 weeks to have the transition be smooth. The most popular services are Enmax, ATCO Gas, and Direct Energy.
If you purchased a condo, or townhome, you require condo owner content insurance.
Property tax calculator for an estimate here:
There is no escalation clause, the price will not increase on closing.
You can stay up to date with the progress of the project or your unit, on our website or by social media handles that will be provided when the construction starts.
Please email us at sales@saddleridgecrossing.com and our team will get you the right help
We provide notice of completion 30-90 days prior to possession, via email.
Please provide us with a minimum of 30 days’ notice prior to possession.
You or a representative on your behalf will be responsible for picking up your keys from our Sales office.
If they’re looking to confirm that we have registered your unit, they can confirm and look up the builder number via the link here: https://residentialprotection.alberta.ca/public-registry/Property.
As the purchaser, you do not need to enroll for Alberta New Home Warranty. Upon possession, you will receive the warranty certificate and builder number. Within 2 weeks from closing, Alberta New Home Warranty will send the owner a package via email or mail.
Statement of adjustment is sent to your lawyer and is provided up to 60 days prior to closing. Please check with your lawyer.