Exclusive options

EXCLUSIVE OPTIONS

Sometimes, the Accès Condos program is adapted for specific projects.

The exclusive options are aimed to answer precisely to the challenges of a particular project, to limit the risks of real estate speculation and to truly meet the Accès Condos’ target clientele.

How does the H3C exclusive option work? Here is an example.

You buy an accredited Accès Condos unit under the exclusive option valued at $250,000

Purchase price:

$250,000
Purchase credit under the exclusive option - 15%:

- $37,500
Minimum contribution from the buyer:

- $1,000
Amount of your mortgage:

= $211,500

5 years later*, you resell your condo at the price of $300,000

Increased value of your unit (Sales price minus purchase price):

$50,000

15% of the increased value to reimburse:

$7,500
Exclusive option purchase credit to reimburse:

+ $37,500
Total reimbursement to the SHDM:

= $45,000

*Starting in the 6th year of ownership A year of ownership corresponds to a period of 365 days calculated from the date of signature of the notarial act (deed of sale).

Remaining equity after resale 5 years later

Sale price:

$300,000
Total reimbursement to the SHDM:

- $45,000
Mortgage balance at time of resale**:

-$178,000
Remaining equity after resale:

= $77,000

*Mortgage balance based on a mortgage with a 4% interest rate and a 25 years amortization period.

Projects

Projects

Projects