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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.
Frequently asked
What does the price range of $239,900 to $2,890,000 actually reflect in Mahogany?
The lower end of the range typically represents apartment-style condos, which tend to be smaller units in multi-storey buildings. Mid-range pricing generally applies to row/townhouses and semi-detached homes, while the upper end reflects larger detached homes, particularly those on premium or lakefront lots. With 24 detached listings, 16 apartment units, 8 row/townhouses, and 5 semi-detached options currently active, there's meaningful variety across the spectrum.
What is a quick-possession home and how is it different from a pre-sale?
A quick-possession home — sometimes called a spec home — is one the builder has already started or fully completed. Finishes are largely predetermined, but you can move in relatively quickly, sometimes within 30 to 90 days. A pre-sale means you're buying before construction begins or early in the process, allowing you to choose finishes and sometimes structural options. The trade-off is a longer wait — often 6 to 18 months — and possession timelines can shift due to construction delays or supply issues.
What costs are typically not included in a builder's advertised base price?
Buyers are often surprised to learn that landscaping, fencing, window coverings, appliances, and basement development are commonly excluded from a builder's base price and listed as extras or upgrades. Some builders include a basic appliance package or grading, but this varies. Always ask the builder's sales team for a detailed list of what is and isn't included before signing, and factor upgrade costs into your overall budget.
Do I have to pay GST when buying a new home in Mahogany?
Yes. GST applies to the purchase of all new construction homes in Canada. For homes priced above a certain threshold, the full 5% applies to the base price, though a partial GST New Housing Rebate may be available depending on the purchase price and how you intend to use the property. This rebate is sometimes built into the builder's listed price and sometimes not — confirm this with the builder and your lawyer or accountant before finalising your budget.
What warranty protection comes with a new home in Alberta?
New homes built by licensed residential builders in Alberta are covered under the Alberta New Home Warranty Program. Coverage is tiered: typically one year for defects in materials and labour, two years for delivery and distribution systems (plumbing, electrical, heating), five years for building envelope issues, and ten years for structural defects. This warranty is mandatory, not optional, and transfers with the home if you sell during the coverage period.