Westcor is pleased to present this development of 50 new townhomes and 70 new patio homes set in this treed view site. This development is zoned for this use and services are at the property line. Westcor will be completing the home designs and submitting for a Development Permit. Westcor hopes to have homes to sell and occupy for summer 2022. Attainable new homes for middle income households is what Westcor with local build partners will be providing in this development. The site is over 8 acres of treed land and Westcor will be saving trees and natural areas within the development.
We first considered in our design process, that all families needing homes, rental, or ownership, may not be able to afford a house or a townhome. Westcor will be designing a mix of homes, townhomes, and garden homes, and partnering some of these homes with the AHOP middle income homeowner program from BC Housing. Westcor plans on forced air natural gas heat and every home will have the capability to add central air conditioning. This type of heat cool system is very affordable to operate and maintain. Add the quality of the homes with our energy advisor Aqua Coast overseeing the construction and the monthly cost to operate these homes will be very efficient.
Many of the Sunset Ridge homes will have garages for additional storage and there will be extra parking provided on site. For the garden homes, care will be taken to ensure there is additional storage facilities close by with the capability to safely store and charge e–bicycles as well as storage for the other important toys that make living in Cranbrook and enjoying the outdoors. Although not yet designed, Westcor, working with some of our strategic partners, will also be bringing innovation to the storage of Kayaks and Canoes. At least nine homes will have extra storage space in the home.
Westcor has planned on the trend for electric car and e-bike will be available in and around the property.
Westcor has designed these homes to be for sale and attainable. We are working with the AHOP program through BC Housing Hub on several projects in BC – and specifically this project – which helps fund affordability, assisting current middle income renters to become home owners. Although this is not a program everyone will be able to work with, Westcor is committed to providing clean new quality homes that allow people to live in comfort. This program sees the buyer of homes in this project partially funded with interest free long term equity from the perpetual affordable housing program administered by BC Housing, through BC Housing Hub for Cranbrook’s benefit – affordable to working families and individuals qualifying for conventional first financing, providing they do not own real property anywhere in the world and they plan on living in the home. The concept behind this program is supplying ownership homes to renters earning middle income wages. So affordable to working families and individuals qualifying for conventional first financing, providing they do not own real property anywhere in the world and they plan on living in the home. The long-term part is an interest free loan for 25 years, no interest or payment. When this loan is repaid, the Province hands the money to the community of Cranbrook for additional affordable housing at that time. If the new homeowner sells within the 25 years to a non-qualifying buyer, the original mortgage percentage of the interest free loan will be taken from the purchase price on sale to repay the interest free loan in full. However, if the home sells to a qualifying buyer, the interest free loan is reset for another full 25 years for the new buyer, at the percentage of the sale the original loan was issued at. What this program allows is renting families and individuals that own no property worldwide to build home ownership equity. Clearly this home ownership opportunity is open to homeowners and will discourage anyone looking for investment property or second homes. No restriction on selling, but the AHOP program shares the sale. At the end of 25 years, the percentage of the home interest free mortgage must be repaid. It is open for payment at any time on the same basis.
Experienced in project management
Westcor Continues to Manage the forward Momentum of this Project
We provide a variety of solutions
Westcor has three options for this development including For Sale Condominiums, For Sale Townhomes and, For Rent Condominiums.
Secure Bike Storage, especially with the available community trails so close by.
This site is located in Northeast part of Cranbrook close to all services Cranbrook has to offer. The site is just downhill from the entrance to the community forest trails, one of Cranbrook’s outdoor playgrounds. Westcor will be connecting by City Road through our Mt Royal subdivision, to the entrance and there is parking planned at the community forest entrance.
Our Lead Architect, working with all our consultants, will be preserving where possible mature trees in parts of this development. We want to maintain the older trees and plant newer trees to replace in future years. This means a very comfortable setting for the Sunset Ridge neighborhood.
Cranbrook is great place to live and to raise a family. It is the city center for the Kootenays and a true outdoor year-round playground. The City is small enough for people to get to know you and large enough to have all the services required to live life well. The development is set on the hill overlooking the valley with a western exposure and evening sunsets.
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Want to join us?
If it is time for your family to move into comfortable new accommodation from renting and start building equity, this is the home for you. The AHOP program requires residence in BC for at least 6 months to qualify. As we define our plans, we will post them on this page so you can choose what home you would like. We will be rolling out these homes over a few years, so some phases will not be ready right away. Please reach out and let us keep you informed as this project moves forward. The qualifications are being sorted now on a Tri Party agreement with BC Housing HUB, Cranbrook, and Westcor. These qualifications will be listed as soon as the agreements are signed. We expect people will act fast to be included in this top-quality offering. All offers on this AHOP program Housing requires approval by BC Housing HUB and at least 14 days subject to their approval. Westcor will through its agents ensure the process is easy for all buyers through a prequalifying process. Westcor will also help qualified purchasers to find well priced first mortgage financing through key licensed consultants. If changing from renting to home ownership is on your list of things to accomplish, Westcor has brought the right people to the table to help you achieve your goals in this quality new development.