Canada
Forest Lakes Country Club
Forest Lakes Country Club is Atlantic Canada’s most exciting new development. Situated in the Maritime province of Nova Scotia, the resort has been designed to capitalise on the region’s stunning natural landscape, which includes forests and lakes, by offering four-season leisure opportunities.
The development company, Terra Firma Development Corporation is bringing luxury countryside living to the growing region of greater Halifax; the capital of Nova Scotia.
The development features a range of private residences in idyllic woodland settings, from cottages to expansive timber-framed homes.
On-site leisure facilities include Nova Scotia’s only 18-hole Nicklaus Design golf course, a driving range, indoor and outdoor swimming pools, tennis courts, gym, equestrian area and watersports.
The Country Club will also include a five-star boutique hotel and spa and commercial facilities.
In addition to plots, UK investors may purchase off-plan property at Forest Lakes via Savills, exclusive UK marketing agent for Terra Firma. Properties range in price from £169,000 to £1 million plus. Visit the Savills website to view the range of off-plan properties available.
The developer is releasing a limited number of plots to international buyers to help finance the installation of infrastructures and development of retail properties.
The developer’s strong relationship with key, prestigious international real estate brands, Savills and Engel & Volkers, provides security and strength for both the developer, the project and private finance purchasers.
Available through Landcorp International, plots can be reserved from £30,000 and offer extremely attractive returns. Terra Firma is offering a contractual developer buyback within 36 months, with a variety of options designed to suit both the income and growth buyer.
Exciting purchase options
When you choose to buy you can select your preferred closing date, after which time you can either take advantage of the contractual developer buyback and cash-out, or pay the balance on your plot and keep it.
If you choose to keep your plot you could build a second home and rent it out through the on-site property management service or simply sell the property either locally or through the international Real Estate Partners for a lump sum return.
Sustainable luxury
The aim of Forest Lakes Country Club is to bring much-needed premium leisure property to the Halifax area, but in a way that is both sensitive and sustainable.
The 1,700 acre resort is being developed according to the principles set out by the Canada Green Building Council (CaGBC), which include energy and water-efficiency measures.
Sustainable materials, including timber and stone recovered from the site, are integral to the construction, while the latest advancements in bioclimatic housing are also being integrated. Click here to read more about the development’s eco credentials.
There will be a total of 1,800 residential plots, carefully placed around a village hub with shops and restaurants, a family entertainment centre and farmers’ market, to ensure a sense of community.
The site adjoins 80,000 acres of protected crown land and, as such, a diverse range of outdoor activities are available either in or near Forest Lakes. These include walking and hiking, sailing and canoeing, windsurfing and water-skiing, fishing, ice-skating and skiing, which means there’s always something to do, whatever the time of year.
Visit the development’s website for further information.
A project with pedigree
Headquartered in Bedford, Nova Scotia, Terra Firma Development Corporation Ltd. comprises a team of both local and international professionals, including property specialists, civil engineers and architects. The portfolio of projects of the principals includes high profile residential property, hotels, golf courses and commercial property in many different countries worldwide.
Terra Firma owns the land on which the resort is being constructed and the necessary planning permissions are in place. Completed infrastructure includes principal roads, community meeting space The Lodge, as well as model homes; The Chester, Cape North and Martock and a Boathouse.
Significant milestones due in 2016 include the start of the first multi-units and the construction of the first 9 holes of the Nicklaus Design golf course.
Click here to read more about Forest Lakes Country Club’s spectacular 18-hole Nicklaus Design golf course – the first in Atlantic Canada.
For further information about Terra Firma, visit their website.
Nova Scotia – the maritime region with a buoyant economy
Known as Canada’s ‘Ocean Playground’, Nova Scotia is famous internationally for its stunning scenery and perennially popular with tourists worldwide seeking outdoor holidays. Visitor figures rose by 6% between January and October 2015, with tourists from the UK registering a 47% increase.
The province of Nova Scotia has the highest GDP growth in the region of Atlantic Canada as well as the lowest unemployment. Property sales in the year to November 2015 were the highest for this month since 2011 and prices rose by 4%. The market has particular appeal to international investors because of the weak Canadian dollar, currently at its lowest levels against the US dollar on record. American buyers continue to look favorably towards Atlantic Canada as an affordable option to the Maine coastline, with flight times from New York less than 2 hours.
Halifax, the capital of Nova Scotia and just 30 minutes from Forest Lakes Country Club, is a thriving financial and insurance centre as well as a major base for shipbuilding – in fact HFM Week named Halifax as one of the fastest growing Hedge fund hubs in the world in 2015. The local economy is buoyant (3rd fastest growth rate in Canada) and unemployment currently stands at one of the lowest rates in Canadian cities. The local property market registered stable growth during 2015 and prices are forecast to increase by 2.5% in 2016. Residential construction experienced a surge in 2015 and analysts expect similarly high levels of new starts during 2016 and 2017. Of particular note is the disparity in Canada’s east/west divide.
