REGISTRATION OF A MORTGAGE - Title to the land purchased will remain in the name of the City until the land is paid for in full. If registration of a mortgage is necessary, a transfer of title may be forwarded to a solicitor or lending institution on the condition that the balance owing be paid to the City within 30 days. A transfer will not be issued until a satisfactory Real Property Report has been submitted to the Economic Development and Planning Department and applicable Government taxes paid.
SERVICES - Services included in the price of most residential lots are: sewer and water mains, including connections to the property line, concrete curbs, grading and gravelling of lanes, if any, asphalt street paving, street lighting, boulevard landscaping, storm sewer benefit, and park development. The City, however, reserves the right to determine the completion date for the installation of these services within a reasonable period of time after the lot has been sold if servicing was not completed at the time of sale. There are lots where not all of these services are included in the price, therefore, the purchaser should confirm with the Property Sales Office which services are included.
TOPSOIL - Effective 2008, the City will no longer supply topsoil to lots purchased from the City. The Purchaser will be responsible for purchasing their own supply of topsoil from local contractors.
SUBSURFACE SOIL - Subsurface soil conditions of some lots may not be suitable for certain home designs. Soil testing may be done at any time and is the responsibility of the purchaser.
LOT COVERAGE - A maximum of 45% of the lot may be covered with buildings. This includes both principal and accessory buildings, but the accessory buildings shall not exceed 10% of the lot area.
BUILDING COMMITMENT - The Purchaser is required to commence construction wtih 12 months of the date of purchase and must receive a footing and backfill inspection and submit a Real Property Report within 75 days of the date on which the permit is taken out.
Visit the Home Renovating and Building pages for related information.