Shared Equity Purchase Plan (SEPP) Postponed but Our Commitment to Attainable Housing Continues

We want to provide an important update regarding our Shared Equity Purchase Program (SEPP). Unfortunately, due to a technical challenge related to insured mortgages through CMHC, our lending partner, Island Savings, is currently unable to proceed with SEPP. While they work through this issue, we are temporarily unable to offer the program.

However, our commitment to attainable homeownership remains unchanged. As a reflection of this, we will continue to honor our SEPP pricing as the final sale price for presales at Folk. This means that even without the SEPP structure, homebuyers can still secure their homes at the same below-market pricing we originally offered through the program.

Additionally, we have made a significant pricing adjustment at Kindred, ensuring our final sale prices are below estimated market value. This aligns with our core values of fostering community and providing sustainable, high-quality homes at an attainable price point.

We appreciate your patience as we navigate this unexpected hurdle. If you have any questions or would like to discuss your homeownership options, please don’t hesitate to reach out to me directly, either at 250-896-4667 or Julian@urbanthrive.ca. We remain committed to making homeownership more accessible and will continue to explore every avenue to uphold that commitment.

Thank you for your continued support.

— Julian West, Principal and Owner, Urban Thrive