Buyers' Information >

Deposits
1) A deposit of $5,000 is required with the initial offer, by cheque made payable to “Ewan McKenzie In Trust”. Please indicate “Selkirk Inn Suites” and the unit number on the cheque.
2) Upon final subject removal, the deposit is increased to 10% of the purchase price.
3) 14 days after the filing of the Amendment to the Disclosure Statement a further 10% is required to be added to the deposit.

Financing
1) We are arranging financing through several Canadian financial institutions. Please ask your Salesperson for more information.
2) Canadian residents can typically obtain financing up to 75% of the purchase price, non-residents up to 65%.

Closing
1) A BC licensed lawyer is required to close the sale. Prior to closing the Vendor will arrange for quotes from lawyers to be passed on to purchasers.
2) BC’s Property Transfer Tax is payable upon closing; 1% on the 1st $100,000 and 2% on the balance.
3) GST is payable upon these homes. GST is assessed at 7% of the purchase price. We will not collect the GST on closing if the home is purchased by a company, a partnership (of individuals or companies) or a trust and that purchaser is registered for GST at closing. In this case the purchaser must account to Canada Customs & Revenue Agency (Revenue Canada) and pay the applicable GST.

This is not an offering for sale. An offering for sale can only be made by disclosure statment.