Actual municipal taxes are extra as surcharge. When the resident or the resident's estate wishes to end occupancy, the suite is offered to the waiting list at a market value. The Corporation keeps an amount for refinishing the unit, marketing, and other administrative costs. The corporation keeps the waiting list to ensure the suites are kept for seniors and to ensure fairness. In short it is a purchase of a lease with the ability to sell the lease at market value at the end.
Development is financed by the equity of the residents.