Q: How can I reserve a new Rise condominium and when will I have to make payments with respect to my purchase?
A: If you are not yet ready to write a formal Offer to Purchase, you can place a temporary, short-term reservation on the condominium of your choice (subject to availability), by meeting with our sales representatives and completing a Reservation Form together with a refundable deposit of $2,000. This deposit may then be directly applied to the Offer to Purchase, along with the remainder of the required deposit. The balance of your purchase price will be due just prior to occupancy.
Q: What are the advantages of selecting my Rise Condominium early, and are Rise purchase prices going to increase after construction is complete?
A: There are many advantages to selecting your condominium home early. For example you may want to obtain a particular exposure and location within the development itself. It is also easier to customize and select materials and products when you are involved with the project at an early stage. Perhaps most importantly you will be purchasing your Rise Condominium at the lowest possible price.
Q: Is the GST included in the purchase price?
A: Yes. The net GST is included in the stated purchase price. Prices stated include 3.2% GST when applicable (reflective of the GST New Housing Rebate allowable). The Purchaser assigns the GST New Housing Rebate to the Vendor at time of closing. To be eligible for the GST Rebate, the Purchaser, or a member of the Purchaser’s immediate family, will on closing occupy the unit as his/her primary place of residence. Suites with a total purchase price exceeding $350,000 are subject to 5% GST as indicated.
Q: What are my real estate taxes likely to cost at The Rise Condos?
A: Property taxes are to be set by the City of Winnipeg which does not confirm amounts until a later time. These taxes will be dependent on the size and purchase price of the unit.
Q: When will your Presentation Centre be ready?
A: Phase 1 Presentation Centre is currently open for viewing with over five different staged display suites to tour! Due to the current COVID-19 pandemic, we are closed for open house hours but can accommodate private or virtual tours. Please contact our agents to arrange a time.
A: Phase 2 Presentation Centre will be ready in early 2022.
Q: Who is the sales team for The Rise, and how can I contact them?
A: Myles Viklund & Derrick Li (Rancho Realty Services Ltd.) are our realtors for the project. You may contact them at firstname.lastname@example.org or call 204.793.1000.