The Standard Purchase Process

If you're purchasing a City-owned residential lot and paying the full purchase price without a progress draw mortgage, the process is straightforward.

📍 Step 1: Choose Your Lot

Select an available City-owned residential lot that meets your needs.

⏳ Step 2: Place a Lot on Hold

Anyone can place a lot on hold for up to 30 days at no cost. If you need more time, you may request a second 30-day hold, also at no cost, in accordance with the City's policy.

A lot hold gives you time to:

• Work with your builder, designer, or architect.
• Make sure your home plans are the right fit for the lot.
• Ask questions about the purchase process.
• Review the Sales Agreement with your lawyer before moving forward.

📄 Step 3: Review the Sales Agreement

Once you complete the Lot Hold Form, the City will prepare a draft Sales Agreement for your review.

We recommend having your lawyer review the agreement before proceeding.

✍️ Step 4: Sign the Agreement and Pay Your Deposit

When you're ready to move forward, the Sales Agreement will be sent to you through DocuSign for electronic signature.

At the same time, you'll receive an invoice for the required 10% deposit.

⚖️ Step 5: Complete the Closing Process

The remaining balance is due within 30 days.

Your lawyer will guide you through the closing process, including transferring the title into your name and forwarding the final payment to the City.

🏠 Step 6: Start Building

Once the purchase is complete, your lawyer will transfer the title into your name and you can apply for a building permit when you're ready.

There is no deadline to begin construction after purchasing your lot. However, once the title has been transferred, you become responsible for property taxes. Vacant land is taxed at a higher rate than residential property, which is an important consideration when planning your construction timeline.