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Friday
Jul152011

Strata Purchase

Strata Ownership is a term we are all familiar with and understand; it is ownership in fee simple.

At closing, the purchaser pays the purchase price of the strata lot (suite); associated legal and closing costs; normal closing adjustments; Land Transfer Taxes; Goods and Services Tax; and the purchaser’s name is registered on title.

As a Strata Lot owner, the purchaser's only continuing financial obligations are for their monthly fee (which includes utilities, maintenance, minor repairs, two meals daily, planned recreation and activities, weekly housekeeping, strata fees, and more) and their property tax.

For more information on pricing and unit availability, please contact us for details.

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