Bus Service to The Lakes

Good news for all of you who rely upon, or would like to rely upon, public transportation in Lake Country: BC Transit has implemented a new bus route with direct service to The Lakes.

Although it's only an introductory level of service for now, the new #32 bus loop will connect residents of The Lakes with the Lake Country city centre during peak hours.  

As per BC Transit: "In Lake Country, a new Route 32 The Lakes will connect Lake Country Town Centre with The 

Lakes neighbourhood during weekday peak periods. The new route will support current and future residential and commercial growth in The Lakes area."

To view the schedule, please click here.

For more information:
•  BC Transit Media Release
•  Lake Country Calendar Article
•  District of Lake Country BC Transit

See you on the #32!

Cadence at The Lakes is All Grown Up

Cadence at The Lakes is excited to announce that we are now the Okanagan's newest community offering Active Adult Living!

What does Active Adult Living mean?  It means each home will have at least one person over the age of 45 and the youngest residents must be over 19; however, it doesn't mean that we don't welcome children of all ages to visit - we love kids!

So why did we make this change?  Because we frequently hear from people visiting our showhome that they've already raised their families and are now ready to move to a neighbourhood with other people in the same stage of life as them.  They want to live near people who are close in age and share similar interests.  They want a quiet yard without any hockey nets, basketball hoops, trampolines, or skateboards.  They want to lounge by the pool with other adults.  They want a place where their grandchildren can come for a visit, and then go home with their parents.  So, in response, we've amended our bylaws and added an age restriction so that we can provide better enjoyment for the entire Cadence community.

When you combine Active Adult Living with maintenance free, single family homes and an exclusive on-site recreation area, Cadence at The Lakes is the perfect fit for your next move.  No more mowing, shoveling, or cleaning the pool - an ideal community for downsizers, empty-nesters, or those wanting a lock-and-leave lifestyle.

Life's good lived at your own rhythm!

  

See How Cadence Makes it Easy to Make a Move!

A new year is upon us and we are looking forward to an exciting 2011. Looking back, the end of 2010 was busy with a number of new residents calling Cadence home. We now have 11 homes either occupied or under construction with more activity in the community every day. So far, early in 2011, there has been very strong interest from the visitors at our show homes.

In talking to our visitors throughout 2010, however, we found a common theme. People were as eager as ever to make a move but were getting tired of having their lives on hold waiting for the economy to change. There seemed to be a number of things everyone had in common holding them back from making a move:

• Thinking they need to sell their home before making a commitment
• A general lack of confidence in the economy
• Fear that prices will continue to drop and they would be buying too soon
• HST – ongoing confusion, misunderstanding and uncertainty

In response, we have explored these concerns and have developed an all encompassing new program that addresses each and every one of these issues. We have reengineered our purchase program at Cadence at The Lakes to simplify the entire buying process and take the risk out of moving. We have looked at all of the elements of the current market and have implemented a brand new program called MAKE A MOVE.

Cadence at The Lakes' innovative new MAKE A MOVE program has been designed to fully address all of today’s complicated issues faced by a purchaser. Our program has been tailored to dramatically simplify the entire buying process, eliminating all of the common ‘barriers to entry’ and paving the way for purchasers to MAKE A MOVE.

• No need to sell your home first – a small deposit secures your choice of home and lot and locks in your price
• You choose when construction starts – leaving you with plenty of time to sell your home
• We build your entire home on a small deposit – you pay the balance once the home is complete
• Prices are protected against both increases and decreases
• In most cases there will be no additional cost due to the HST

So come and see us at Cadence at The Lakes! We are pleased to have added a second furnished Show Home decorated by award winning designer Eileen Ritchie. This Fresco home is move in ready and suitable for anyone looking for a fabulous place to live early in 2011. Value priced at $430,695.00 on a fully landscaped lot the Fresco is open for viewing daily along with our Adagio Show Home.

For more information on this revolutionary new purchase program and to see all of the great changes taking place at Cadence, please visit Bill Wendt and Eric Brenneman. They are at the Cadence Show Homes daily between noon and 4 pm. With over 30 years combined experience in the Okanagan’s finest maintenance free lifestyle communities Bill and Eric look forward to showing you how you can MAKE A MOVE – NOW!

Frequently Asked Questions

Q. Is Cadence at The Lakes freehold property?

A. Yes. Cadence is a freehold strata title property, which means you own your lot and your home in their entirety. It is not leasehold, nor is it First Nations property.


Q. What is a bare-land strata? Do I pay fees for this?

A. A bare land strata is governed by The Strata Property Act and refers to the subdivision of land into strata lots and common property. In a bare-land strata development, each lot is individual and, in our case, features a self-contained, single-family dwelling. This is unlike a conventional strata development, where all of the lots share the land and buildings, as well as the common property.

The common property at Cadence is the recreational facility that all residents will have the exclusive right to use. Because this property is shared between the homeowners, a monthly strata fee will need to be charged in order to cover the ongoing cost of maintenance. However, since the fees for bare land strata do not need to cover the expense of maintaining all the individual dwellings in the development, they are significantly lower than conventional strata property fees.

For more information on what else your strata fees will cover, please refer to the Maintenance Free section of our website.


Q. How stable are the monthly fees? Will these increase when the recreation centre is built?

A. The fees are based on the budget provided by the Developer in the Disclosure Statement and costs for maintaining the recreation center are already included.


Q. Do I pay for geothermal heating and cooling? Do I have any options?

A. You have two options for paying your geothermal costs. One option is to become a customer of TerraSource Geothermal Utility Services and pay a fixed monthly fee (usually around $77.00) for unlimited heating and cooling. This rate is linked to the Consumer Price Index in British Columbia and increases only if the Consumer Price Index increases. Your other option is to purchase your entire geothermal system outright. By doing this, you will own your own ground loops and would never have to pay another monthly fee. This is why it is common to hear that geothermal energy pays for itself in about 8-9 years.

For more information, please refer to the Geothermal section of our website or visit TerraSource Utility Services.


Q. What if I want to first be a Terrasource Geothermal Utility Services customer and then purchase my geothermal system at a later date?

A. No problem. You can purchase your system outright at any time. The customer cost for this option is equal to the current Monthly Loop Access Fee multiplied by the Early Termination Multiplier (109).


Q. When will the recreational centre be built? What does it mean that it’s been “bonded for”?

A. Due to its location, the recreation facility will be built with the third phase of Cadence at The Lakes. When you hear that it has been “bonded for,” it means that the funds to build the facility have been secured with a letter of credit in favour of the District of Lake Country. As such, there is no risk that the recreation facility will not be constructed.


Q. Is this a gated community?

A. Cadence at The Lakes features an attractive perimeter fence and landscaped boulevard, but does not have an actual gated entrance. This is because the District of Lake Country will continue to be responsible for maintaining the roadways, sewer system, light standards, and fire hydrants within the development. Consequently, because these costs do not need to be accounted for in the Strata budget, the savings are passed on to residents in the form of lower monthly strata fees.


Q. Is there an age restriction at Cadence?

A. No. Cadence at The Lakes offers maintenance-free resort style living for all ages.


Q. Is Property Transfer Tax (PTT) payable on the lot and home?

A. At Cadence at The Lakes, we offer a purchasing package that is unique to most developments. When you purchase at Cadence, we will allow you to separate the contracts of the lot and home so that you can buy your lot in a separate transaction from the purchase of your home. If you decide to pursue this option, you will only have to pay property transfer tax on the value of the lot. This could save you approximately $4500 - $8000 depending on the price of your home.

For more information, please visit http://www.sbr.gov.bc.ca/individuals/Property_taxes/Property_Transfer_tax/ptt.htm


Q. Are Cadence at The Lakes and The Lakes the same entity?

A. No. Cadence at The Lakes is a community being built within the already established neighbourhood of The Lakes. We are a bare-land strata development offering home and lot packages for those seeking a maintenance free lifestyle. The Lakes itself sells lots for either builders or purchasers to build their own homes and is not stratafied.


Q. How close are you to the airport and UBCO? What is the distance to Vernon or Kelowna?

A. We are just 13 KM from the Kelowna International Airport and 15 KM from UBCO. Cadence is 20 minutes south of Vernon and 20 minutes north of Kelowna.


Q. What style of homes do you offer and how are they priced?

A. Cadence at The Lakes offers rancher-style single family homes with seven different floorplans to choose from and a wide range of finishing options. Prices for house packages vary depending on the size of the lot and the style of the floorplan; however, all of our prices include the house, lot, landscaping, and exposed aggregate driveway. Packages at Cadence can range between $379,900 to $549,900* and can be built to suit almost every budget.

* Subject to availability.

If you have any other questions about Cadence at The Lakes, please feel free to email our friendly Sales Team - they're always happy to help!