Mortgages & Income Suites

Comprehensive New Build Mortgage Information for Calgary Homebuyers

Sterling Homes Calgary is dedicated to helping you navigate the often complex world of mortgages and home financing. Our comprehensive mortgage information guide covers everything you need to know, from understanding the best mortgage rates in Calgary and securing pre-approval to comparing different home loan options. Whether you are a first-time homebuyer or looking to refinance, our tips and resources will help you make informed financial decisions.

Mortgage Calculator

Use our easy-to-use tool to calculate what your mortgage payments would be with rental income included, and see how additional earnings from rentals can help lower your monthly expenses.

| Mortgage

Down payment
Interest rate (annual %)
Amortization (years)

| Mortgage Payments

Monthly
Bi-weekly
Weekly

| Rental Income

Type of suite

| Net Payments

Monthly
Bi-weekly
Weekly
Rental income estimates subject to change. This is not an offer of mortgage and is not binding. Calculation above does not account for any Insurer Premiums. Please confirm qualification and rates with a mortgage specialist.

Our Trusted Lenders

Connect with one of our partners below to start the mortgage approval process and to support you with any important lending questions.

| Build Your Suite Life

The basement in a new build home can be full of potential to help you invest in your future by letting your home work for you. At Sterling, the majority of our floorplans offer one and two bedroom suite options, allowing homeowners to rent their basement as its own unit and offset mortgage expenses with rental income. Also, customers may qualify for additional mortgage funds based on the rental income as listed below.

The trend of suites and co-sharing enable you to make homeownership possible sooner than later and let’s your home make money for you. Better yet, looking to make a move into the investment market? Basement suites enable you to make rental income from every level of the home.

Our suites fit into all shapes and sizes of our homes, with options available in our laned, duplex and front attached garage homes.  Suites include modern finishes and functional spacious layouts.

| Build Your Suite Life

The basement in a new build home can be full of potential to help you invest in your future by letting your home work for you. At Sterling, the majority of our floorplans offer one and two bedroom suite options, allowing homeowners to rent their basement as its own unit and offset mortgage expenses with rental income. Also, customers may qualify for additional mortgage funds based on the rental income as listed below.

The trend of suites and co-sharing enable you to make homeownership possible sooner than later and let’s your home make money for you. Better yet, looking to make a move into the investment market? Basement suites enable you to make rental income from every level of the home.

Our suites fit into all shapes and sizes of our homes, with options available in our laned, duplex and front attached garage homes.  Suites include modern finishes and functional spacious layouts.

What’s included in your basement suite

Sterling Homes offers a basement suite rough-in product that allows you future suite potential or the possibility to develop the suite yourself.

| Inclusions

  • Basement Development
  • 9′ ceilings
  • Additional Furnace
  • Side Entrance
  • 1 & 2 Bed Options
  • 1 & 2 Bed Options

| Features

  • Solid core door installed and separate dead bolt
  • 13’6″ straight-run base kitchen cabinets
  • 9′ of straight-run 3-” upper kitchen cabinets, 12″ upper cabinets over range and refrigerator
  • Stainless steel refrigerator, electric range, microwave and dishwasher
  • LVP flooring added to basement stair landing and kitchen
  • R-20 Batt Insulation with sound bar and 1/2″ drywall ceiling board

Do I Qualify?

Check out the math on this example of how simple it is to qualify for a basement suite. Note amounts subject to change based on market interest rates.

Qualify for additional mortgage funds

Customers may qualify for additional mortgage funds based on their expected rental income.

Contact Sterling Homes’ Lenders to get started on an approval and see what impact a basement suite has on both qualifications for a mortgage and how it can help pay off your mortgage faster.

Qualify For More

| First Time Home Buyer Incentive

Saving up a down payment can be one of the biggest challenges keeping you from achieving your goal of home ownership – but we have good news!

There is a new program recently introduced by the Government of Canada, First Time Home Buyer Incentive Program, or FTHBI, that will assist you and others looking to buy their first home!