EX CL U S I VE P I L OT P R OG R A M F O R

LOCAL FIRST TIME HOME BUYERS

H OM E
O WNER SH I P
M ADE
E ASY

What are the benefits?

Who is eligible?

Qualified first time home buyers under the

CB-HOME PROGRAM will receive these benefits:

At the time of purchase, all purchasers on title must:

benefit

benefit

benefit

1
2
3

1. Be a Canadian Citizen or Permanent Resident

2. Have lived in B.C. for the past 24 months

PAY LESS DEPOSIT

3. Have never owned an interest in a residential

property anywhere in the world at any time

Half of the initial deposit

and the last deposit
waived*

4. Be between the age of 19 and 35

MORTGAGE HELPER
Receive a helper gift after
closing that will approximately
pay half of a typical mortgage
payment for 1 year**

BE THE FIRST
Be the very first public
group to select homes
from Concord Brentwood

5. Purchase a home at Concord Brentwood with a

total price of $500,000 or less

How to qualify for

the program?
1. Register for the project at
www.concordbrentwood.com.
There is a maximum quota for 50 buyers.
2. All applicants must apply in person at the
Concord Pacific presentation centre in Burnaby
during preview weekend (June 18 & 19, 2016)
with documents acceptable to the vendor to
prove qualification.***
The application deadline will be 3:00 pm on June
19, 2016 or when 60 verified applicants are
received, whichever occurs first. Qualified
applicants will be drawn by lottery with suite
selection sequence at 4:00 pm on June 19. The
last 10 verified applicants drawn will be
backup.****

The CB-HOME program is not open to staff (including their friends & families) of the Concord Brentwood Limited Partnership (the Vendor) and its affiliated companies.
A purchase made under this program cannot be combined with any other promotion and incentive. All calculations are approximate and for general illustrative purpose
only. The CB-HOME program is subject to detailed terms and rules stipulated solely by the Vendor. The Vendor may change, expand, reduce or cancel the CB-HOME
program at any time without notice. This is not an offering for sale. Any such offering will only be made with the applicable disclosure statement. E. & O.E.
* Total deposit reduced from 25% to 15% and must be paid in 3 installments: 5% in 2016 at the time of purchase, 5% on February 1, 2017 & 5% on February 1, 2018.
** Provided that the deposit payments are up to date according to the Purchase & Sale Agreement (the PSA), CB-HOME Buyers will earn POWER DEPOSIT POINTS
at a linear rate of 6% for every full year from the deposit paid up to a maximum accumulated total of 18% of all deposits paid throughout the entire period between the date
of the PSA and closing. Each POWER DEPOSIT POINT will be converted to $1 for the CB-HOME Buyer 7 days after closing. There is absolutely no cash value of the
POWER DEPOSIT POINT other than as set out in a separate power deposit point agreement entered into between the CB-HOME Buyer and the Vendor or an entity related
to the Vendor. The Vendor has no other obligations to the CB-HOME Buyer. Sample mortgage payment for illustration purpose only is based on 3.65% interest rate, 25
year amortization, 85% financing on purchase price and net GST.
*** All intended purchasers on title under the CB-HOME program must apply in person at the Concord Pacific Presentation Centre in Burnaby, B.C. between 11 AM 5
PM and 11 AM to 3 PM respectively on June 18 & 19, 2016. Applicants must (1) provide their original government issued identifications or other documentation
acceptable to the Vendor to prove citizenship or permanent resident status (birth certificate, citizenship card/certificate, Canadian passport, nexus card or permanent
resident card or permanent resident visa) and BC residency in the past 24 months (income tax return or BC Drivers license together with other proof of residency in B.C.;
(2) sign a statutory declaration prepared by the Vendors lawyer attesting on never owning or holding an interest in a residential property anywhere in the world at any time;
(3) and present a bank draft in the amount of $5,000 payable to McCarthy Tetrault LLP in Trust; and (4) obtain financing from an institutional lender for at least 60% of the
purchase price. A CB-HOME buyer fulfilling the above requirements and specifically accepted by the Vendor in writing is a "Verified Applicant".
**** Not less than the first half of the 60 Verified Applicants will be invited to a purchase appointment session of Hillside West Tower 1; release to be announced by the
Vendor. The first 25 Verified Applicants will be guaranteed a purchase opportunity under the CB-HOME program at the designated appointment time. Remaining
applicants will fill in unclaimed quota for Tower 1 or opt to buy without the CB-HOME package or move to a guaranteed priority spot at the launch of Hillside West Tower
2. The remaining half of the Verified Applicants will be invited to the launch of Hillside West Tower 2.

EXAMPLE 1: PURCHASE A ONE-BEDROOM HOME AT $360,000

Receive $9,720 Cash or Equivalent

7 Days After Closing
Savings in Property Transfer Tax
Exemption $5,200
Savings in GST Rebate $6,480

TOTAL
CASH ADVANTAGE:
$21,400
$36,000 LESS IN DEPOSIT
$90,000 normal deposit vs.
$54,000 under CB-HOME

How do power deposit points work?

Deposits
Initial Deposit (5%)

$18,000

2nd Deposit 2017 (5%)

$18,000

3rd Deposit 2018 (5%)

$18,000

Rate (%)

Power Deposit Points

Earned at Completion

24%

4,320

3 full years

18%

3,240

12%

2,160

4 full years

2 full years

Total Saving Points Earned at

Completion

9,720

Cash or Equivalent to Buyer

7 Days After Closing

$9,720

Half Payment Of A Typcial Month

Mortgage Payment For 1 Year**

$9,666

EXAMPLE 2: PURCHASE A TWO-BEDROOM HOME AT $460,000

Receive $12,420 Cash or Equivalent
7 Days After Closing
Savings In Property Transfer Tax
Exemption $7,200

How do power deposit points work?

Deposits
Initial Deposit (5%)

TOTAL
CASH ADVANTAGE:
$19,620
$46,000 LESS IN DEPOSIT
$115,000 normal deposit vs.
$69,000 under CB-HOME

$23,000

2nd Deposit 2017 (5%)

$23,000

3rd Deposit 2018 (5%)

$23,000

Rate (%)

Power Deposit Points

Earned at Completion

24%

5.520

3 full years

18%

4,140

12%

2,760

4 full years

2 full years

Total Saving Points Earned at

Completion

12,420

Cash or Equivalent to Buyer

7 Days After Closing

$12,420

Half Payment Of A Typcial Month

Mortgage Payment For 1 Year**

$12,600