Buying & Selling

The Status Certificate Fee is $75.00 plus H.S.T = $84.75.  Payable by cheque to Blue Mountain Village Association or by email transfer to accounting@bluemountainvillage.ca.    

The Status Certificate Package will be prepared for the purchaser, their realtor or their lawyer by BMVA.  The Package will contain:

• Status Certificate document which contains disclosure information regarding the property’s current financial status of Membership Entry Fees, Basic Membership Fees and Village Amenity Fees ;
• BMVA Annual Report including audited financial statements;
• BMVA Members’ Guide which outlines the organizational and financial structure of the BMVA and its functions; including the General Bylaw and Blue Mountain Village Association Act; and
• Membership benefits and obligations overview.
• Membership Information Form

The purchaser’s legal counsel must promptly deliver the following to the BMVA immediately upon closing:
 

• A cheque payable to the Blue Mountain Village Association for the Entry Fee referred to in item 3 of the Status Certificate together with applicable HST;
• A copy of the land transfer tax affidavit to evidence the purchase price amount upon which the Entry Fee is based and to confirm name registered on title to the property. (Note: While the purchaser is primarily liable to pay the Entry Fee, the vendor is jointly and severally liable for it. Therefore, the vendor legal counsel must ensure that on closing the fee is paid.);
• An affidavit listing the names of the shareholders and share percentage of ownership of a Corporation (if applicable);
• Any unpaid Basic or Rental Royalty Fees noted on the Status Certificate will have to be resolved between the vendor and purchaser prior to closing and an adjustment made on the Statement of Adjustments with remittance forwarded to the VA for the outstanding amount(s);“Statement of Closing Adjustments” copy for BMVA office files enclosed;
• One signed copy of the Status Certificate acknowledging receipt;
• Completed and signed Member Information Form.

 
Documents and Payments can be delivered by courier or in person to: 796468 Grey Road 19, Blue Mountains, Ontario, L9Y 0N6

NOTE: Once the sale is completed by purchasers’ solicitor and BMVA receives Entry Fee cheque, copy of Property Title, Signed Status Certificate, Signed Members Info Form and Statement of Closing Adjustment a Welcome Package is sent to the new owners/ members.

Annual Basic Membership Fees

• The Basic Fee (plus HST) referred to in paragraph 2 of the Status Certificate is payable in quarterly installments on the first day of July, October, January and April each year. An invoice is sent in Welcome package (with payment options) and then in early June on subsequent years to the address on file.
• If the transaction involves an Undeveloped Lot, the Basic Fee is not payable until the home being built has been substantially completed. The purchaser must arrange to have the VA notified of substantial completion and have the plans delivered to the VA office so that the square footage can be calculated for determining the Basic Fee.