Developer lends fresh perspective to challenging economic times.
CALGARY, Feb. 19 /CNW/ - Sable Resorts today announced the rare move of
offering 0% financing on newly purchased resort properties at Legacy on Mara
Lake in the Okanagan. Sable Developments President Sam Boguslavsky is making
the limited time offer in order to shed some light on some economic facts that
seem to be lost in the current economic doom and gloom forecasting.
"Wake up, investors. There hasn't been a better time to buy resort
property in years," said Boguslavsky. "The dramatic decline in the prime
lending rate means a difference of literally tens of thousands of dollars in
the cost of a vacation home. In some cases hundreds of thousands of dollars.
That difference is putting the vacation home within reach for families who
couldn't afford it even a year ago."
The move to 0% financing is Boguslavsky's brainchild to demonstrate a
fresh perspective to challenging economic times. "We can't make an offer like
this indefinitely, but the fact that we can make the offer at all shows the
buyer that the economic climate is changing and the time to consider this type
of investment is now."
Legacy on Mara Lake is a three-acre luxury community positioned on 400
feet of some of the last lakefront property on the Shuswaps. Just a five hour
scenic drive from Calgary or Vancouver, Legacy features a contemporary
seven-storey, environmentally-friendly concrete condominium building. A
diverse range of vacation homes are available as well as boat slips at the
private marina. The area is known for world-class year-round recreation like
cross-country and downhill skiing, snowboarding, snowmobiling, snowshoeing,
fishing, hiking, waterskiing, jet-skiing, and golfing. Construction of phase
one is 80% complete, with the first possessions scheduled for May, 2009.
"We have something exceptional here and it goes far beyond 0% financing,"
said Mr. Boguslavsky. "At Legacy you can start the day by loading your golf
clubs in your boat and jetting across the lake to Hyde Mountain Golf Course
for 18 holes before lunch. It's a different world out here."
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