The Aster Open House!

Thursday, December 2, 2021
Drop-in when you want between 12 and 8 p.m.
At The Fenlands Banff Recreation Centre
Proof of vaccination with the QR code is required.

Learn about buying a home for less than the usual price in Banff

Banff residents are invited to this drop-in event that will provide information about purchasing one of the 33 homes in this condominium complex, being built on Banff Avenue.

The deadline to apply for a chance to buy is December 15. This session will help people understand eligibility, the application process, and everything about each dwelling. This session will help people decide about applying for the opportunity to purchase.

The drop-in session will include:

Displays of floor plans for all types and size of dwelling, showing appliances, flooring, cabinets and price list
A life-size layout of a one-bedroom home floor plan you can walk through
Illustrations of the dwellings, common areas and overall design
Sample material that will be used in the interior finishing

The Aster is perfect for first-time home buyers because all dwellings are being sold for less than the usual price in Banff. The costs are kept low because the municipal government is the developer and it does not collect any profit. The sale price covers the cost of construction.

Illustrated #D floorplan for 3-bedroom unit

Ask about applications, prices and lottery at Open House

There are more people interested in buying these homes than there are available dwellings because of the quality, the modern design and the cost.

This Open House will help people understand the lottery process in January, where a draw from eligible applicants will set the order of people purchasing the dwelling of their choice until all units are sold. Details were announced in a news release.

The Aster Open House on December 2 is an opportunity to ask questions such as:

Am I eligible to purchase a dwelling?
How do I find out about a loan from the bank?
What does each dwelling cost?
What is needed to complete an application?
Can staff help prepare an application?
What is the process for the lottery and purchase day?
What happens when I sell the dwelling?
What are the environmental highlights of the project?

Staff from the Town and the Banff Housing Corporation will welcome any questions about the Aster.

No registration is required for this drop-in event. Proof of vaccination is required to attend, according to Alberta’s Restriction Exemption Program.

Application deadline: December 15

The Banff Housing Corporation will manage the building and sales of the dwellings.

All applicants are required to submit completed information to the online Application Form by the deadline on December 15. The lottery in January will select the order of qualified applicants purchasing homes on sales day.

Don’t miss your chance to own your own home!

Illustration - rendering of the courtyard

Explore the homes

The dedicated website for The Aster provides renderings of all dwelling units, with interactive displays, as well as floor plans, pricing and even a video fly-through produced by the contractor, Studio North.

The Aster development is named after a perennial wildflower frequently found in Banff National Park. Construction is slated for completion in the summer, when the Aster flowers are in bloom.

Project Timeline:

October 6, 2021 – opening date for applications to purchase in the Aster
December 2, 2021 - Open House at the Fenlands
December 15, 2021, at 4:30 p.m. – closing date for applications
January 5, 2022 – Lottery draw of qualified applicants. This sets the order that buyers will be offered the opportunity to purchase
January 12, 2022 – Sales day (agreements are completed and $5,000 deposit is provided)
January 27, 2022 – Secondary lottery day, if required
Mid-August, 2022 – move in day

For more details about The Aster, visit AsterBanff.ca
Questions about the development should be forwarded to the Town of Banff project team: https://asterbanff.ca/contact

This e-newsletter is for members of the Banff community who have registered project updates. If you know other people who may be interested, please forward this newsletter or direct them to sign up at banff.ca/NotifyMe.