Form Centre

2. 
4. The Aster - Application to Purchase

   The Aster development is a 33-unit condominium complex being built in the heart of Banff. The development will provide affordable, for-purchase housing, for eligible Banff residents, with a priority to sell to first-time home buyers.  Units are sold at the cost of construction and well below market value. The Banff Housing Corporation (BHC) will manage the building and sales of the dwellings, and holds equity in each unit. More information is available at AsterBanff.ca.

   Only one application is allowed per individual or group of individuals interested in owning a dwelling unit together. Multiple applications from an individual or co-ownership group will be disqualified. The primary applicant must complete the application, and all adults who will be registered as owners of the dwelling must complete the relevant sections of the application and submit required supporting documents. Owners must reside in the dwelling. 

   Please review the following information before you complete your application. You will need to compile and scan or photograph required documents before you start your application. Do not submit an incomplete application.

   Eligibility 

   To purchase a dwelling in The Aster, you must meet the criteria as resident and qualified buyer. Any applicants interested in a barrier-free dwelling will also need to meet the criteria listed under barrier-free buyer. See below.

   Resident Criteria

   • Must meet Parks Canada’s eligible resident criteria:
     • Someone whose primary employment is within Banff National Park;
         or
     • Someone who operates a business in Banff National Park AND whose presence at the place of business is necessary for the day-to-day operation of the business;
         or
     • A retired individual who currently lives in Banff National Park AND who worked in the national park for five consecutive years immediately prior to retirement (as an employee or as a business operator needed for day-to-day in operations the park);
       or
     • Someone who lived in the park at the time of their retirement, AND who was living in the park on July 30, 1981;
        or
     • An individual, or their descendants through blood or adoption, who leased public lands in Banff prior to May 19, 1911;
        or
     • The spouse or common-law partner or dependent of anybody referred to above.

   Qualified Buyer for The Aster

   • Must meet the Parks Canada eligible resident criteria; 
   • Must be a Canadian citizen or a Permanent Resident; 
   • Must agree the Aster will be his/her primary residence and is owner-occupied;
   • Down payment is a minimum of 10% of sales price of dwelling;
   • Has mortgage pre-approval matching the sales price of the dwelling you would like to purchase (For example, if the total sales price of a dwelling is $375,000, you have a down payment + mortgage financing that is equal to or greater than the total sales price); and
   • Agrees to the suggested maximum number of people per unit restriction

   Local bank contacts for mortgage pre-qualification:

   Banff Financial Institutions (suggested but not limited to)
   Alberta Treasury Branch	317 Banff Ave. Cascade Plaza	Call 403-762-8505 OR Book a meeting at www.atb.com
   Bow Valley Credit Union	216 Banff Ave.	Call 403-762-3368 OR Visit https://www.bowvalleycu.com/en/personal/borrowing
   Canadian Imperial Bank of Canada	98 Banff Ave.	Call 403-762-3317 OR Book a meeting at www.cibc.com
   Mortgage Broker
   Quantus Mortgage Solutions	#305E 220 Bear St	Call 403-688-3719 Email: heather@banffmortgagesolutions.com

   
   

   Banff Housing Corporation Terms

   Headlease: The head lease is the original lease directly between the landowner (Parks Canada) and the tenant (Banff Housing Corporation).

   Sublease: The sublease is the agreement between the Banff Housing Corporation and the homeowner. There are rules and regulations that the Banff Housing Corporation is bound to through the head lease with Parks Canada that make up the sub lease agreement.

    For more information on the Banff Housing Corporation please visit www.banff.ca/FAQ

    To view a sample sublease visit https://banff.ca/161/Banff-Housing-Corporation-Homeowner-Poli and click on the BHC Price-Restricted Sublease (PDF)

   Maximum occupants per unit (to be finalized by the BHC) 

   Dwelling Type	Number of Occupants	Dwelling Type	Number of Occupants
   1 bedroom	2	2-bedroom loft	4
   1 bedroom + loft	4	3 bedrooms	6
   2 bedrooms	4	3-bedroom loft	6

   
   

   Definitions

   First-Time Home Buyer:

   • An individual(s) who does not own either personally, jointly, or indirectly through a trust of business, any real estate anywhere (this must be true for all individuals who would be on title) OR
   • Any individual(s) who have not owned in the past five years, either personally, jointly, or indirectly through a trust of business, any real estate anywhere. 

   Barrier-Free Home Buyer: 

   There are two barrier-free dwellings available. Priority for these dwellings will be given to those who are identified on the application as in need of a barrier-free unit and meet the following based on priority:

   • Priority 1 - An identified need OR
   • Priority 2 - Minimum age of 60+

   *Any barrier-free units not allocated to prioritized buyers will become available during the sale day.

   Barrier-Free Dwelling: An accessible and inclusive design that creates a built environment usable by people with physical or other disabilities. This can include wider door frames to accommodate a person in a wheelchair or a strobe smoke detector for people with hearing impairments.

   Other Eligible Home Buyers: 

   Any applicants who do not fall under the category of First Time Home Buyer or Barrier Free Home Buyer. This includes anyone who currently owns property or has owned property within the last five (5) years.

   Primary Residence: The residence is the place the applicant ordinarily and continually occupies on a full-time basis, as determined by the Corporation. The BHC Board determines full time basis to be day to day.

   Applicant(s): An adult(s) that will be registered on title as an owner(s). All adults that will be registered as owners of a dwelling must complete all sections of the application and submit supporting documentation.

   Required documentation can be submitted by photographing or scanning the document and uploading to this online form as a PDF or image file. Selected applicants may need to provide printed documentation at the time of purchase.

    The information you provide must be true. Applicants who are selected to purchase will be required to swear to a statutory declaration of the truth of the information.

   If you are unable to complete the form online, book an appointment to complete paper documentation by emailing heather.bolt@banff.ca.

   PERSONAL INFORMATION NOTIFICATION

   The personal information you provide on this form is being collected under the authority of Section 33(c) of Alberta’s Freedom of Information and Protection of Privacy Act. This information will be used by BANFF HOUSING CORPORATION to determine eligibility for and to administer the Housing program in BANFF. The privacy provisions of the Freedom of Information and Protection of Privacy Act protect your personal information. Your personal information will not be shared with third parties outside this program. If you have any questions about the collection of this information, please contact BHC Housing Development Coordinator at 403-497-5242 or email heather.bolt@banff.ca.

6. General Information

   Dwelling Descriptions	Name of dwelling type and number of units	Price to Buyer	Approximate Property Tax (2022)
   1 bed / 1 bath (558 sq. ft.)	Hector I (10)	$340,909 + $17,045 GST = $357,955	$1652
   Corner 1 bed / 1 bath (561 sq. ft.)	Hector II (2)	$348,485 + $17,424 GST = $365,909	$1661
   1 bed + loft / 1 bath (702 sq. ft.)	Belmore I (3)	$401,515 + $20,076 GST = $421,591	$2078
   Corner 1 bed + loft / 1 bath (706 sq. ft.)	Belmore II (1)	$409,091 + $20,455 GST = $429,545	$2090
   Corner 1 bed + den / 1 bath (720 sq. ft.)	Byron (1)	$393,939 + $19,697 GST = $413,636	$2131
   2 bed / 2 bath (854 sq. ft.)	Earle I (1)	$435,606 + $21,780 GST = $457,386	$2528
   2 bed / 2 bath (854 sq. ft.)	Earle II (1)	$435,606 + $21,780 GST = $457,386	$2528
   Corner 2 bed / 2 bath (858 sq. ft.)	Earle III (2)	$443,182 + $22,159 GST = $465,341	$2540
   Corner 2 bed / 2 bath (858 sq. ft.)	Earle IV (2)	$443,182 + $22,159 GST = $465,341	$2540
   Corner 2 bed / 2 bath (858 sq. ft.)	Earle V (1)	$443,182 + $22,195 GST = $465,341	$2540
   Barrier-Free 2 bed / 1 bath (854 sq. ft.)	Norman I (1)	$428,030 + $21,402 GST = $449,432	$2528
   Barrier-Free 2 bed / 1 bath (854 sq. ft.)	Norman II (1)	$428,030 + $21,402 GST = $449,432	$2528
   Corner 2 bed loft / 1 bath (895 sq. ft.)	Margaret (1)	$454,545 + $22,727 GST = $477,273	$2649
   2 bed loft + den / 1 bath (1031 sq. ft.)	Wheeler I (1)	$469,697 + $23,485 GST = $493,182	$3052
   Corner 2 bed loft + den / 1 bath (1037 sq. ft.)	Wheeler II (1)	$477,273 + $23,864 GST = $501,136	$3064
   2 bed loft / 1 bath (1071 sq. ft.)	Wheeler III (1)	$511,364 + $25,568 GST = $536,932	$3170
   Corner 3 bed / 2 bath (945 sq. ft.)	Mary (1)	$477,273 + $23,864 GST = $501,136	$2797
   Corner 3 bed loft / 2 bath (1025 sq. ft.)	Woodworth (1)	$511,364 + $25,568 GST = $536,932	$3034
   3 bed loft + den / 2 bath (1226 sq. ft.)	Eleanor (1)	$530,303 + $26,515 GST = $556,818	$3629

   
   

   Please identify the type of dwelling you want to purchase, based on your need and budget. You can also add second option and third choice, or leave other choices blank.

8. Preferred 1st Choice *
   -- Select One --Hector IHector IIBelmore IBelmore IIByronEarle IEarle IIEarle IIIEarle IVEarle VNorman INorman IIMargaretWheeler IWheeler IIWheeler IIIMaryWoodworthEleanor
10. Preferred 2nd Choice
    -- Select One --Hector IHector IIBelmore IBelmore IIByronEarle IEarle IIEarle IIIEarle IVEarle VNorman INorman IIMargaret Wheeler IWheeler IIWheeler IIIMaryWoodworthEleanor
12. Preferred 3rd Choice
    -- Select One --Hector IHector IIBelmore IBelmore IIByronEarle IEarle IIEarle IIIEarle IVEarle VNorman INorman IIMargaretWheeler IWheeler IIWheeler IIIMaryWoodworthEleanor
14. Do you require one of the two Barrier-Free dwellings?*

    1. Yes
    2. No
16. If yes, upload supporting documentation (letter from medical doctor or proof of age exceeding 59 years old)
18. How many people would be listed as legal owners of the property, including you? *
    -- Select One --OneTwoThree
20. Primary Contact - Applicant 1
22. First Name:*
23. Last Name:*
25. Street Address and Dwelling Unit*
27. Mailing Address:*
29. Town:*
30. Province:*
31. Postal Code:*
33. Phone Number:*
34. Email:*
36. Age and Legal Status in Canada

    All applicants on title must be of Alberta legal age (18 years) and must be one of the following: a Canadian Citizen or Permanent Resident. 

38. Provide Proof of current residency (This document must show the physical address where you live. This could include documents such as a driver’s licence, current lease/rental agreement, utility bill, internet bill, property tax bill, or proof of current home ownership)*
40. Birth Year*
41. Birth Month*
42. Birth Day*
44. Status in Canada*

    1. Canadian Citizen
    2. Permanent Resident
46. Proof of Citizenship Status in Canada (such as Canadian Birth Certificate, Permanent Residency Card, Canadian Passport or Canadian Citizenship Card)*
48. Provide a Photo Identification (such as driver’s licence or Alberta Identification Card or passport) *
50. Residency Eligibility

    Select one option below and provide the required supporting documentation. This provides proof you have Parks Canada eligible residency and Aster residency eligibility. 

52. Select One:*

    1. Permanent Employment
    2. Temporary/Contract Employment
    3. Lake Louise Resident with children enrolled in a Banff school
    4. Self-Employed
    5. Retiree
54. Business Name:
55. Contact Person:
57. Contact Details (phone or email):
58. Start Date:
60. Include Employment Contract or Letter indicating status
62. Provide your Banff Business Licence Number
63. Provide Proof of Business Ownership
65. Provide all documents listed under A or B or C.
    A. Statutory Declaration confirming eligibility to reside by virtue of retirement from Parks Canada
67. OR
    B.
    Proof of currently receiving retirement pension
69. Proof of employment in Banff National Park in the 5 years immediately prior to retirement
71. OR
    C.
    Proof of residency in the park at the time of your retirement
73. Proof of residency in the park on July 30, 1981.
77. ARE YOU AND ANY CO-APPLICANTS WHO WOULD BE LISTED AS LEGAL OWNERS A FIRST-TIME HOME BUYER(S)? Select one option below. You will be required to sign a statutory declaration affirming the following information on sales day.*

    Answer Yes if: 

    • You do NOT own any real estate property anywhere, either personally, jointly, or indirectly through a trust of business
    • You have NOT owned real estate in the last five (5) years
    • None of your co-applicants who would be listed as legal owners own any real estate property now or in the last five years

    1. Yes
    2. No
79. If you currently own real estate, where is it located? (include full address)
81. DO YOU OWN ANOTHER BANFF HOUSING CORPORATION (BHC) PROPERTY? As per the BHC policy, residents cannot own more than one (1) BHC property at any given time. Select one option below. You will be required to sign a statutory declaration affirming the following information.*

    1. Yes I currently own a BHC property AND agree to sell this property within 12 months of possession date should I be successful in securing a unit in The Aster.
    2. No I do not currently own a BHC property
83. Is there a Second Co-Owner (Applicant 2) who would be a legal owner with you?*

    1. Yes
    2. No
85. First Name
86. Last Name
88. Street Address and dwelling unit
90. Mailing address
92. Town
93. Province
94. Postal Code
96. Phone Number
97. Email Address:
99. Provide Proof of current residency (This document must show the physical address where you live. This could include documents such as a driver’s licence, current lease/rental agreement, utility bill, internet bill, property tax bill, or proof of current home ownership)
101. Birth Year
102. Birth Month
103. Birth Day
105. Status in Canada

     1. Canadian Citizen
     2. Permanent Resident
107. Proof of Citizenship Status in Canada (such as Canadian Birth Certificate, Permanent Residency Card, Canadian Passport or Canadian Citizenship Card)
109. Provide a Photo Identification (such as driver’s licence or Alberta Identification Card or passport)
111. Are you an eligible resident in the national park?

     1. Yes
     2. No
113. Is there a Third Co-Owner (Applicant 3) who would be a legal owner with you?*

     1. Yes
     2. No
115. First Name
116. Last Name
118. Street address and dwelling unit
120. Mailing address
122. Town
123. Province
124. Postal Code
126. Phone Number
127. Email Address:
129. Provide Proof of current residency (This document must show the physical address where you live. This could include documents such as a driver’s licence, current lease/rental agreement, utility bill, internet bill, property tax bill, or proof of current home ownership)
131. Birth Year
132. Birth Month
133. Birth Day
135. Status in Canada

     1. Canadian Citizen
     2. Permanent Resident
137. Proof of Citizenship Status in Canada (such as Canadian Birth Certificate, Permanent Residency Card, Canadian Passport or Canadian Citizenship Card)
139. Provide a Photo Identification (such as driver’s licence or Alberta Identification Card or passport)
141. Are you an eligible resident in the national park?

     1. Yes
     2. No
143. Identify Additional Occupants who would live in the dwelling (all adults, children, dependents)
145. Name and Relation to Applicant(s):
147. Name and Relation to Applicant(s):
149. Name and Relation to Applicant(s):
151. Name and Relation to Applicant(s):
153. Identify your pets. (Maximum of 2 allowed, such as dog, cat, bird or small caged animal like a hamster. Exotic animals, farm animals and rabbits are prohibited.)
155. Type of animal and size or weight:
157. Type of animal and size or weight:
159. MORTAGE PRE-QUALIFICATION INFORMATION Applicants must provide mortgage pre-approval and down payment. Mortgage preapprovals may be required to be updated prior to sales day.
161. Identify the amount of your pre-approved mortgage*
163. Identify the amount of down payment you are qualified to make on sales day:

     (Note: Mortgage preapproval may be required to be updated at sales day.)

165. Do not submit an incomplete application. Incomplete applications will not be entered in the lottery. To be complete, an application must contain all the required documents above, including: - Mortgage Pre-Qualification letter from your financial institution - Amount of pre-approved mortgage - Proof of Canadian citizenship or Permanent Resident status - Proof of current residence - Proof of identity - Proof of employment or retirement status

     If you need assistance or cannot complete the submission online, email heather.bolt@banff.ca to make an appointment.

Leave This Blank:


167. 1. Receive an email copy of this form.
168. Email address

     This field is not part of the form submission.

169. Submit

* indicates a required field