Canadian Town Sells $10 Plots of Land

[BargainValueHunter]

http://news.yahoo.com/blogs/abc-blogs/canadian-town-sells-10-plots-land-120453364--abc-news-topstories.html

 

Agriculture and oil are the main industries in the town, which was founded as a railway point for the Canadian Pacific Railway, but Chalmers says she hopes to attract small business, too. "We need to have supporting services to support the people living here and coming," she said. "We'd like to see a new hotel here, a new restaurant, a bar."

 

The plan is pretty straightforward: To purchase a property, wannabe homeowners have to sign an agreement and put down a $1,000 deposit. Once a lot is purchased, owners have 90 days to begin construction, and 12 months to complete it. As soon as the town receives your occupancy permit, they will refund $990 of the original down payment.