Touchstone on Lake Muskoka - Fractional Cottage Ownership

1. Do you accept offers?


	No. The Touchstone model is proving very popular. As such, only full price offers will be accepted.

2. Who can I put on title?


	When you purchase your residence at Touchstone you may put any individual or individuals, or legal entity that you like on title. Before closing, you will be contacted to confirm final title.

3. Can I purchase more than one fraction?


	Certainly. Please consult your Sales Representative for details.

4. Do all fraction owners appear on title?


	Yes.

5. If I purchase multiple fractions do I have to put the same entity on title for each fraction?


	No. That is one of the benefits of fractional ownership. You may put a different fraction in the name of a different person if you wish; thereby facilitating estate planning and eliminating a taxable event upon the death of a parent or guardian.

6. What is the deposit structure for my Touchstone home?

Upon signing the Agreement of Purchase & Sale, a $10,000 deposit will be required. The balance, if any, of 10% of the Purchase Price will be required after 30 days. A further 10 % will be required 90 days after the purchase date. A further 10% will be required upon notice that construction is about to begin. And 5% will be due upon occupancy. Deposits will be held in trust by the Vendor's lawyer and shall only be released in accordance with the Condominium Act.

7. Do my deposits earn interest?


	Yes. Purchasers will receive interest on their deposits at the prescribed rate set out in the Condominium Act.

8. Can I assign the Purchase & Sale Agreement before closing?


	Yes, to a related entity but only to a third party with the prior consent of the Vendor.

9. When can I expect occupancy of my vacation home?


	Construction of the Cascade Villas has begun and will continue in earnest throughout 2006. Construction of the Grand Muskokan Cottages and Tree Top Villas will commence later this summer. Occupancy, of the first phase of all these residences, is expected September 2007.

10. Will I have to pay GST on the purchase of my Touchstone home?

GST is payable on your Touchstone home unless the purchaser is GST exempt for the intent purposes of their purchase. To be exempt, you must have the intention of making your unit available for rent at least 50% of the time. In that event, you may self-assess (which means pay the 7% GST on your own portion) and may also recover part or even all of this GST depending upon the expected extent of the rental activity. Please ask your financial advisor or a Sales Representative for details.

11. Should I purchase a Touchstone vacation home as a speculative investment in the hope that prices will rise and I can sell in the near future for a profit?


	Absolutely not. At Touchstone we are building a community of like minded people interested in enjoying the genuine Muskoka experience in a luxurious maintenance free manner. As such, Purchasers will not be allowed to sell there unit for more than they paid for it until the earlier of all 80 homes in the development have been sold or 4 years.