Frequently Asked Questions

Colliery Parc was designed for long-term living in Canmore – thoughtfully, responsibly, and with care for what comes next. The answers below walk through how ownership works, the protections in place for buyers, and what to expect as the community takes shape, so you can plan for the future with clarity and confidence.

Ownership Basics

When can I move in?

Construction is already underway.

First possessions are expected late 2026, with additional phases releasing and completing in stages as the community builds out.

What kind of ownership is this?

Colliery Parc is a leasehold condominium.

You own your home, and the land is leased under a long-term structure.

That’s part of what allows these homes to be priced significantly below comparable freehold properties in Canmore, especially in a walkable downtown location.

Can I rent my home at Colliery Parc?

Yes — long-term rentals are permitted.

This is not zoned as a short-term rental project. Rentals are intended for longer stays (generally 30 days or more, in line with Town of Canmore rules).

Colliery Parc is designed as a residential community, which means:

Stable, long-term rental demand
Less turnover compared to short-term rentals
A quieter, better-managed environment

With limited housing supply and strict short-term rental rules in Canmore, long-term rentals remain consistently in demand.

This isn’t an Airbnb play — it’s a long-term ownership and rental market.

Are pets allowed?

Yes — Colliery Parc is pet-friendly.

Up to 2 dogs and/or cats per home are permitted
Additional pets may be considered with board approval
Pets must be leashed and controlled in common areas

Standard municipal rules apply.

‍Bottom line: very reasonable for most pet owners.

What about parking and bike storage?

Each home includes:

One assigned parking stall with power
Dedicated, enclosed bike storage for one bike

This setup is designed for how people actually live in Canmore — simple, secure, and efficient.

Are there condo fees, and what do they cover?

Yes — as with any condominium, there are monthly condo fees.

They typically cover:

Building maintenance
Common area upkeep
Insurance for the structure
Snow removal and landscaping
Property management

Is this a good fit as a second home?

Yes — this is one of the strongest use cases.

Lock-and-leave lifestyle
Walkable downtown location
Lower entry price than most Canmore properties
No short-term rental volatility

It’s designed for buyers who want to use it, enjoy it, and keep ownership simple.

Who is Colliery Parc best suited for?

This project tends to be a strong fit for buyers who:

Want to be close to downtown Canmore
Value walkability over larger homes or garages
Are looking for a second home or flexible-use property
Prefer a lower entry price into the Canmore market

It’s not trying to be everything — it’s a very strong fit for the right buyer.

How do I get pricing and availability?

Visit the showhome or reach out directly — we’ll walk you through what’s currently available, pricing, and what to expect.

What exactly am I buying at Colliery Parc?

At Colliery Parc, you’re buying a home you can truly settle into – structured as a 99-year prepaid leasehold condominium. You own the unit itself, while the land is held under a long-term lease. The land is owned by the Canadian Rockies School Division and leased to Avalon, who transfers that lease interest to you at closing.

How is leasehold different from freehold ownership?

With freehold ownership, you own both the home and the land. With leasehold ownership, you own the home and lease the land for a fixed term – in this case, 99 years. Your title will say Subleasehold, but in daily life, ownership at Colliery Parc feels very much the same. You can renovate within condo bylaws, sell your unit, refinance, or pass it on. And unlike many leasehold properties, there is no monthly land rent as Avalon prepaid the full 99-year lease upfront.

Your ownership rights are protected under Alberta law and closely mirror those of any other registered condominium home.

What happens when the 99-year lease ends?

Your long-term security is built in. The lease includes a 25-year renewal option. If no action is taken five years before expiry, the lease automatically renews for an additional 25 years unless the School Division formally opts out.

If the lease is not renewed, the School Division is required to purchase your unit at fair market value at that time, ensuring your investment is respected and protected well into the future.

Can I sell or mortgage my leasehold unit?

Yes. Your unit can be sold, transferred, or mortgaged just like any other condominium.

When you sell, the buyer simply steps into the remaining lease term with the same rights you enjoyed. Major lenders, including RBC, ATB, TD, and Scotiabank, finance these homes, and mortgages are registered directly on your leasehold title.

Avalon has also arranged a dedicated mortgage specialist who is familiar with this structure, making financing and resale a smooth, familiar process.

Avalon’s Role

It’s Avalon’s first leasehold project – how experienced are you?

While Colliery Parc is Avalon’s first leasehold community, Avalon Master Builder brings more than 40 years of experience in planning, building, and managing thoughtfully designed residential communities. Our team has delivered a wide range of successful projects across Calgary and beyond, working closely with municipalities, consultants, and long term land partners. The same proven expertise, high construction standards, and attention to detail that define every Avalon community are fully applied at Colliery Parc, supported by experienced legal and financial professionals to ensure a well run, sustainable community for generations to come.

How is Avalon helping buyers through the leasehold process?

We understand that leasehold ownership can raise questions, and our role is to make the process feel clear, supported, and unhurried. Here’s how we guide buyers:

Clear, plain-language explanations through guides and one-on-one conversations
Financing support through a dedicated mortgage specialist experienced with leasehold homes
Built-in safeguards, including conditions that ensure the lease is fully registered before closing
Open communication, with sales and customer experience teams always available

Our goal is simple: to support you through a home purchase that feels calm, clear, and confidently informed, from first questions to move-in day.

Buyer Protections

What deposit is required, and is my money safe?

Deposits are 10% for lower units and 15% for upper units, less your initial $1,000 reservation fee. All deposits are held in trust, and fully insured through Alberta’s Multi-Family Deposit Insurance Program.

Even in the unlikely event of a project issue, your deposit is 100% protected and refundable under Alberta law.

Can I cancel if I change my mind or financing falls through?

Yes. You’ll receive a 10-day cooling-off period after signing, during which you can cancel for any reason and receive a full refund. If financing is not approved by your condition date, you can also withdraw without penalty. Avalon has been extending condition timelines so buyers are never pressured to waive early – no one is locked in before they’re ready.

What other protections are included?

Your purchase includes multiple layers of protection designed to give you confidence today and long into the future. This includes:

Alberta New Home Warranty
- 1 year: workmanship and materials
- 2 years: plumbing, electrical, and HVAC
- 5 years: building envelope
- 10 years: structure
Registered title: Your leasehold title is protected under Alberta’s Land Titles Act, just like any other registered home in Alberta.

Non-disturbance agreement: This ensures your rights remain intact even if the master lease changes hands. Simply put, your home, your investment, and your ownership rights are well protected.

Timeline Expectations

Why have there been delays?

The delays are related to municipal approvals and legal registration – a normal part of a thoughtfully planned, complex project. Colliery Parc’s leasehold structure and Net Zero design required additional review by the Town of Canmore. The good news is that major comments have been resolved, and final approvals are nearing completion.

How is Avalon managing these delays?

We’re focused on transparency, flexibility, and keeping buyers informed. This includes:

Sharing updates as soon as they’re available
Extending financing deadlines so no one feels rushed
Offering direct, one-on-one communication whenever questions arise

We’re managing delays proactively so you feel supported and protected throughout the process.

When will construction start, and when can I move in?

We expect to begin construction shortly after final approvals. From there, first possessions are projected for late 2026 to early 2027, depending on unit phase.

Once construction begins, Avalon will share more detailed timelines and continue providing updates throughout the build. We’re committed to delivering a thoughtfully designed, Net Zero Ready community with the quality and care that Avalon is known for.

Want to see what’s actually available?

Visit the Showhome or Get Details

YOU ASKED,
WE ANSWERED

Ownership Basics

Avalon’s Role

Buyer Protections

Timeline Expectations

Want to see what’s actually available?

Follow Us

AVALON MASTER BUILDER

YOU ASKED, WE ANSWERED

Ownership Basics

Avalon’s Role

Buyer Protections

Timeline Expectations

Want to see what’s actually available?

Follow Us

AVALON MASTER BUILDER

YOU ASKED,
WE ANSWERED