When can I buy a home at Deer Meadows Estates?

Right now! That’s right, we are now selling Phase One with a spring move-in timeline.

What is the estimated completion date of Phase Five?

We are scheduled to deliver phase Five homes for possession Fall 2023.

What are the monthly fees?

When you purchase a home at Deer Meadows Estates, there are two monthly fees:

Land Use Fee ($100)
Community Fee ($475)

What is the minimum down payment?

You can put down as little as 5%!

Are these current price offerings including taxes?

No, all prices quoted are subject to the applicable taxes as set forth by the federal and provincial government at the time of sale.

Are rentals/AirBnb permitted?

Yes, rentals are permitted. However, you need to make sure that the tenants abide by the same Community Bylaws that you agree to when purchasing your home.

Do I own my home?

Absolutely! It’s very similar to owning your home on a freehold parcel of land. The only difference is that you are not purchasing the lot on which your home sits. It is largely for this reason that homes at Deer Meadows Estates are so affordable. Instead, you are leasing the land from Deer Meadows Estates under the terms of a secure, 49-year lease that ensures you exclusive residential access to the land for the term of the contract.

I own my home, but not the land?

Yes. It is quite similar to a condominium situation. Typically, in a condo the resident owns what is essentially an apartment; everything structurally inside its walls is theirs. As well, residents share common areas such as hallways, lobbies, elevators and recreational areas with the other owners, and a monthly condo fee is paid to the property owner.

At Deer Meadows Estates, you own your home. In both cases, it is like freehold ownership in the sense that you will own the entire home from the ground up, and you will lease the land on which your home sits. And, again like condos, you will share common areas such as roads, sidewalks, the general grounds and all of our amenities.

How is the long term land lease structured?

The long term land lease is comprised of a Monthly Home Site Fee to lease the land and a monthly Community Fee to cover common area property maintenance and administration. It is a 49-year land lease registered on the title of a lot in which you have the rights to occupy. Registration generally describes systems by which matters concerning ownership, possession or other rights in land can be recorded (usually with a government agency or department) to provide evidence of title, facilitate transactions and to prevent unlawful dismissal. It provides additional assurance of the rights between Deer Meadows Estates and the homeowner.