Well, one developer in Surrey, B.C.
is offering a promotion that will allow investors and buyers to pay as little as $1 per day for a unit in its upcoming condo development.
WestStone Group, in partnership with Platinum Project Marketing, is currently offering a special promotion for the first 200 buyers of its Evolve development. The offer is open to all qualifying mortgage holders, regardless of which lender their mortgage is with.
“These kinds of promotions have to be open to everyone or they just don’t work; we make no bones about which lenders clients go to,” Vince Taylor, partner with Platinum Project Marketing told CREW
's sister publication, MortgageBrokerNews.ca
. “Every client is free to use [whichever lender] they want.”
The promotion is available for every unit, with a tiered cost structure that offers certain units for between $1 and $12 per day, depending on the unit size.
The condo units start at $93,900, and range in size from 316 to 1,294 square feet.
Find out more about the market for investors in Surrey, B.C. using CREW's free online investment hotspot tool.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Would a special developer promotion -- say, $365 for the first year -- entice you to invest in a condo?