Kennedy Wilson Auction Group Featured in THE CALGARY HERALD

Newspaper Story: Our client, Kennedy Wilson Auction Group was featured  in a news story  about an upcoming Auction in Calgary Alberta.

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Condos under the gavel Lake Windermere-Pointe of View is going back to the auction block.

By Marty Hope, Calgary HeraldMay 1, 2010

After successfully dipping its toes into the auction waters last fall by selling 40 condos in its Lake Windermere Pointe, the company plans to do it again.

Another 40 units will be put under the gavel on May 16 at the BMO Centre in Stampede Park beginning at 1 p.m., with starting bids as low as $85,000.

Current market conditions are working in favour of homebuyers as well, allowing bidders to buy at the bottom of the market and lock in at historically low interest rates, says Rhett Winchell. president of Kennedy Wilson Auction Group.

The company will be handling the auction, whose timing also works in favour of both homebuyers and investors because it is being conducted before B.C.’s Harmonized Sales Tax (HST) comes in effect July 1.

The 40 condos up for auction feature 11 different one-and two-bedroom floor plans of up to 1,249 square feet. Each home includes access to a swimming pool, heated spa, fitness centre and pool house.

Inside, each home features ceramic tile flooring in the entryway, brushed nickel hardware in gourmet kitchens, wall-to-wall carpeting, and central heating and air conditioning.


In order to participate and bid, registered bidders must present a separate bank draft of $2,000 for each home they have been approved to purchase. After each purchase the Bank of Montreal will provide registered bidders a range of loan programs to help finance the deal. The bank will also have representatives on hand Saturdays and Sundays at the Lake Windermere Auction Information Office in Invermere, B.C. — and also the Auction Information Office in Calgary on Saturdays and Sundays prior to the auction — to discuss details of the loan programs and assist registered bidders in filling out their applications.