Auction of North America's First Zero Energy EcoCondos



    MONTREAL, June 6 /CNW Telbec/ - Abondance Montréal is the first ever Zero
Energy urban, residential development in North America. Using solar electric,
geothermal and solar thermal technologies, these EcoCondos will produce as
much energy annually as they consume. They also host numerous important
environmental design elements, including rainwater recovery, a living green
screen, a full selection of eco and health-friendly materials and finishes.
    Abondance Montréal was one of twelve projects selected by the Canada
Mortgage and Housing Corporation's (CMHC) National Net Zero Energy Healthy
Housing competition, the "Equilibrium Housing Initiative". After months of
development, the team behind the Abondance Montréal project is ready to sell
two of the three homes of the first phase of the development.
    Abondance Montréal, a unique green building project in an excellent
locale, addresses Canadians' highest priorities - health and the environment.
Due to the exceptional interest in this unique project, the team has decided
to sell the units using an auction.
    "We know that a home with zero energy bills, and environmentally friendly
materials is very attractive to home buyers, but the value goes beyond the
simple financial savings. People have told us that the very idea of living in
such an innovative home, and being free from the utility companies is very
exciting. But how much is a home like this worth? We felt an auction would
allow us to establish fair market value this new type of housing," says Cheryl
Gladu, President of Abondance Montreal.
    The starting price bid for these homes is $297,000 plus applicable taxes.
Special CMHC insured mortgage financing for such EcoCondos is being provided
by Desjardins, with longer amortization and reduced fees. The public is
instructed to contact EcoCité Developments by June 11th at
abondancemtl@ecocite.ca or by phone at 514-524-0191 to receive an information
and bid package. Bidding for the homes will end on Monday, June 18th, 2007.




For further information:

For further information: on the Abondance Montréal project: Cheryl Gladu
or Christopher Sweetnam-Holmes, Partners, EcoCité Developments, (514)
524-0191, Fax: 514-523-0436, C.gladu@ecocite.ca

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ECOCITE DEVELOPMENTS

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