FAQ Multi-lot Allocation - Aspen Ridge Phase 5 & Brighton Phase 1

Multi-Lot Allocation Frequently Asked Questions
 

Will price be negotiated? 

No, lot prices are not negotiableListed price on map will apply to all allocated lots, we will negotiate on which lots will be allocated. 

Can a builder participate in both the multi-lot allocation and lot draw? 

No, if a builder purchases the 15 lot minimum in the multi-lot allocation process they would not be eligible to enter the lot draw. It will be possible to purchase additional lots after the lot draw prior to placing the lots for sale over the counter.

How are the lots going to be allocated?

We are asking builders to circle their lot choices on the application form (pages 5 & 6)Secondly, we are asking builders to list their second and third choice groupings including the neighbourhood, block numbers and lot numbers in the paragraph sections at the end of the application.   

Saskatoon Land will then attempt to allocate builders their desired selections based on their scoring with the Contractor Eligibility & Application Scoring Criteria.  If it is not possible for a builder to receive their exact selections, Saskatoon Land will attempt to find lots that are similar and discuss with the builder if they would be acceptable. 

If no offering is acceptable to the purchaser, they may withdraw their interest in the Multi-Lot Allocation and participate in the standard lot draw later this fall. 

 

What happens if multiple builders want the same lot(s)? 

To aid in allocating lots to builders, Saskatoon Land will consider the Contractor Eligibility & Application Scoring Criteria.  Builders with higher scoring submissions will have a greater chance of being allocated preferred lot selections. 

Is it possible for all of the lots in Aspen Ridge Phase 5 and Brighton Phase 1 to sell through the multi-lot allocation process? 

No, Saskatoon Land will ensure to hold a variety of all lot types and sizes for the regular lot draw process to be held this fall. 

Are builders allowed to take some of the lots allocated, but not all? 

Provided that the minimum purchasing requirement (15 lots) is met, a builder does not need to take all of the lots allocated. 

What is the build time requirement on lots purchased through the multi-lot allocation? 

Lots purchased through the multi-lot allocation will have the same 3 year build time requirement as per Council Policy.  Extensions may be granted as allowable under Policy. 

Can a builder purchase more than the maximum 10 Brighton lots if they also increase the amount of Aspen Ridge lots purchased to maintain the same 2:1 ratio?  (ie.  Buy 20 Brighton lots and 10 Aspen Ridge lots) 

The numbers of lots able to be allocated to each builder will largely depend on the number of applicants received.  If few applications are received, Saskatoon Land will likely be able to allocate more lots, but the same 2:1 ratio would have to be maintained

Based on the size of the lots in Brighton block 135, why do only lots 36-40 have the different garage options when lots 25-35 are also that size and also back the lane? 

Please see addendum 1 at the beginning of the application form. 

How is the Multi-Lot Allocation format more beneficial than the Lot Draw Format? 

The Multi-Lot Allocation format may not be the best purchase method for every builder.  It is most beneficial to large volume builders wanting to purchase a large number of lots and want to increase the chance of selecting their lot inventory close together or in groupings.  Smaller or custom home builders will likely opt to participate in the traditional lot draw process.

Can lots be returned? 

Lots may be returned following typical return process and fees.  If the returns occur shortly after the multi-lot allocation and bring total purchases below 15, the builders’ ability to enter future multi-lot allocations may be impacted. 

Why are only a portion of the lots being made available for sale in this Multi-Lot Application? 

We have an upcoming Lot Draw later this year and to ensure we have lots available at all price ranges, have set aside a portion of each neighbourhood.