(Source: Calgary Herald

A downtown condo developer is taking action to “revitalize home ownership” by introducing its own stimulus package for its highrise residential tower.

Homburg Invest Inc., said it doesn’t want to sit on unsold condos and Tuesday it announced its program for the 19-storey Castello development at 530 12th Ave. S.W.

In the 106-unit building, there are 42 remaining to be sold.

Aside from a 10 per cent down payment, the stimulus package includes that the balance would be paid in two instalments by way of first and second mortgages.

Read Mario Toneguzzi’s full article “Calgary condo developer unveils stimulus package for prospective buyers” in the Calgary Herald (June 2, 2009)

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