Called KISS Live Free, the program offers an excellent opportunity for first-time buyers to get into one of 12 remaining inventory townhomes in Aspen Springs, a private enclave community in Bowmanville that is close to schools, shopping, recreation and GO transit. For just $3,500 down – a $500 initial deposit, $1,500 once a deal is firm and $1,500 on move in – purchasers can buy a stunning new hometown and “live free” for the next five months with no rent or mortgage payments due (owners just take care of utilities and related expenses such as insurance). Instead, they continue to make monthly payments of $1,500 during that time that go directly towards the required five per cent minimum down payment which, in most cases, is roughly $11,000.
“Live Free is all about making dreams become reality for first-time buyers,” says Kaitlin Group vice-president Gary Daniell, noting that Live Free is just one version of the comprehensive KISS program which varies between developments. “We wanted to come up with a way to help people to save for that initial down payment and so far it’s being very well received.”
The available Aspen Townhome models range in size from 1,130 to 1,464 square feet and are priced from $219,990 to $249,990. In order to participate in Live Free, homebuyers must first qualify with a financial institution, most of which are continuing to offer fantastic rates, says Daniell.
“Our hometowns are carrying for as little as $792 a month which is less than what many people pay in rent,” he says, noting that 85 per cent of homebuyers who took advantage of the KISS program in 2010 opted for a 35-year amortization, an opportunity that will only exist until mid-March when banks are slated to roll back to a 30-year amortization.
“This is a great way to get your foot into the door of a new home, but the window of opportunity is closing,” said Daniell.
With Live Free, first-time buyers who are tired of renting can enjoy a maintenance-
For more information about the KISS program, call 1-866-514-3573 or visit the Kaitlin Group sales centre on Aspen Spring Drive, located off of Waverly between Baseline and King Street West. The sales centre is open Monday through Thursday from 1 to 8 p.m. and on Saturdays, Sundays and holidays from 11 a.m. to 6 p.m. More details can also be found at www.kaitlingroup.com. Directions: located 30 minutes east of Toronto just off the 401 at the Waverly (Hwy 57/Martin Rd.) exit. Go north to sales office on west side of Martin Rd. to #10 Aspen Springs Drive.
ABOUT KAITLIN GROUP
For over two decades, the award-winning Kaitlin Group has been building exceptional communities across Ontario, from resort-style homes in Collingwood, Newcastle, the Kawarthas, Kingston and Midland to more conventional homes in Durham and Richmond Hill.
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