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Why buy a condo?
Buying a condo in Kelowna is increasingly becoming the preferred choice for home owners and property investors.
For those who have browsed the Kelowna housing market, you are aware that the average house in Kelowna in 2007 was $507,780. By the end of 2008 the average house cost
is expected to rise to $560,000. But those average housing prices do not apply to the purchase of a new home. The upward trajectory of the average price of a new home in Kelowna
is expected to be $690,000 by the end of 2008 and $740,000 by the end of 2009. ** Owning a house in Kelowna is quickly becoming an impossible goal for first time home owners, and using up too
many financial resources for empty nesters.
** Housing Market Outlook, CANADA MORTGAGE and HOUSING
CORPORATION analyst Paul Fabri
Revise your strategy. Investors are being proactive and realize there is a solution, without compromise, to achieving the living standards they aspire to. Condo living is on the
rise. New, bright and open designs, energy efficient, safe and in the location you want to call home.
Owners can enjoy all the comforts of HOME without the hassles and financial burden of owning a HOUSE.
Why the Murano?
LOCATION, LOCATION, LOCATION! The Murano offers investors, first time home owners and down-sizers great quality homes in the heart of Kelowna. Enjoy a new home in a central
neighborhood that embraces the convenience of all your daily amenities within walking distance. Minimize or even eliminate your commute to work. And, as the Kelowna property
market continues to target upwards, investors will continue to veer to the condo market, further securing your investment.
QUALITY LIVES HERE! Rossland Contracting, the Developer, has designed a Discovery Centre that reflects their decision to invest in quality of product instead of expensive advertising
and flashy marketing. The Discovery Centre boasts such quality in real terms and sales reps talk frankly about the exceptional condo attributes. Features include
geo-exchange technology which provides low cost heating, air-conditioning and hot water, low strata fees, two elevators, secured underground heated parking, individual storage space,
soundproofing windows, spacious layouts, nine foot ceilings, open kitchen designs, home grade appliances, and much, much more.
CHECK OUT THE COMPETITION! Don't take our word for it. A smart investment starts with comparing your future Murano home with the competition. Compare price per square
foot living space, strata fees, utilities and features with any other green building in the valley. See why the Murano
is a smart investment for a quality home.
HOW IS THE INSTALLATION OF THE GEOTHERMAL SYSTEM DIFFERENT FROM OTHER DEVELOPMENTS?
1. The geothermal system will not be sold to a third party utility company. The Murano home owner maintains ownership of the low maintenance technology
and directly benefits from the substantially lower heating and cooling costs.
2. The continued financing through high strata fees, after the initial condo purchase, is not done at the Murano. The
geo-exchange technology is fully paid for by the developer. The cost of the geothermal system is included in the building cost and does not affect
the low monthly strata fee.
3. A geothermal hot water system with electric baseboard heaters and noisy wall mounted air conditioning units provide minimal cost savings to a home owner.
The Murano geothermal system provides heating, air conditioning and hot water, all inclusive in a low monthly strata fee. The only utility bill you pay
is your electricity bill. Combine that with a well built, well insulated building, plus energy efficient low-E windows, you have a true
green building providing Healthy, Cost-Efficient, Sustainable and Responsible geothermal energy.
And best of all, these environmentally friendly benefits translate into large savings for every Murano home owner!
What do I need to invest in the Murano?
Not as much as you might think. Ten percent (10%) down can buy your new home! With condos starting at $219,000, that means as little as $21,900 to secure your own suite at the Murano.
Nothing else is payable until the building completion date of your home in the spring of 2009.
Financing is available at competitive builder's rates.
What about the environment?
Think globally, act locally.
Rossland Contracting puts the environment first, not just in words but in design. In constructing a green building, the
developer included features such as a geothermal system, energy efficient low-E windows and energy efficient light bulbs and fixtures in most common areas.
What direct impact does the Murano green building have on our environment? The Murano will reduce green house gas emissions
by approximately 125 metric tonnes per year due to the installation of the geothermal system. That is about the equivalent to eliminating 30 cars off the road or planting approximately 15 acres
of trees. How cool is that!
With the geothermal system fully paid for by the developer and the advantage of the additional
green building attributes, the Murano home owner immediately benefits with substantial savings on their greatly reduced
utility bills, making both economic and environmental sense.
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CMHC ANALYSIS
POSITIVE OUTLOOK
"Strong economic fundamentals such as continuing high employment levels, rising incomes and low mortgages rates will provide a solid foundation for healthy housing markets this year."
Bob Dugan, Chief Economist
August 17, 2008, Capital News
VALLEY ECONOMY
LEADS THE WAY
"The Thompson-Okanagan has been experiencing rapid population growth, strong job creation
and a surge in capital investment that leads the province"
Institute of Chartered Accountants of BC
July 17, 2008, Daily Courier
CONDO MARKET
WILL FUEL DEMAND
"Multi-family housing demand will be the main driver of the real estate market as more people
find detached housing cost prohibitive."
Canada Housing and
Mortgage Corporation
Analyst, Paul Fabri
Think Globally, Act Locally
__________________
For every unit of electricity the geothermal system uses, it provides three to four units of heating energy - an efficiency of 300% to 400%.
>> Find Out More <<
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