July 21, 2009 09:00 ET

Tobiano: Waterfront Resort Offers Unprecedented 50% Off Real Estate

TOBIANO, BRITISH COLUMBIA--(Marketwire - July 21, 2009) - The award-winning Tobiano golf course and residential community unprecedented 50% Off Win/WIN! sales campaign launched Saturday July 18, 2009 achieved immediate dramatic result. In just 48 hours, 16 of the lots offered sold, with additional sales pending.

Offering expansive one-quarter to one-half acre lake-view, golf course and equestrian lots from $139,950 - $249,950 the 50% Off Win/WIN! campaign was announced concurrently in full-page advertisements in Kamloops, Calgary, Edmonton, and Vancouver newspapers and through

"We are extremely pleased with the reception of our aggressive 50% Off Win/WIN! campaign," said Michael Grenier, President of Pagebrook Inc., developer of Tobiano. "Prospective homeowners can pair our exceptional lot values with today's significantly reduced construction costs to achieve a completed dream home in one of Canada's premier resort communities for approximately $460,000 - $580,000. It is an exceptional opportunity for those in a position to capitalize on today's new market reality."

The additional "Win" for the resort development will be the retirement of the infrastructure financing used to construct the renowned Tobiano resort development.

"Our award-winning golf course and the resort's horizontal infrastructure (roads, water, sewer, telecommunications, power, gas) are all in place and operating," Grenier added. "Prospective purchasers can see that this is a real project which is extremely important in today's economic reality. We are particularly excited to move onto the vertical phases of our development; building the retail village and on-site golf accommodation. We want to wrap-up the original infrastructure financing, and take advantage of today's reduced construction costs ourselves while we can."

Construction of the Tobiano resort began 43 months ago. Primary infrastructure including the resort's golf course, municipal water and sewer treatment plants, reservoir and water pumping station were followed by the extension of approximately 6.5 kms of internal paved roads and underground services, and the relocation of 1.4 kms of the Trans Canada Highway. A 220-slip marina and multiphase equestrian centre will be under construction later this year. Over 320 detached lots and townhouse sites have been purchased, with the first homes and town homes now being completed and occupied.

Tobiano was recently awarded Best New Golf Course in Canada in 2008 by SCOREGolf and Golf Digest magazines.

About Tobiano: Located 17 kms west of Kamloops, B.C., Tobiano is a three-hour drive from Vancouver, and the Canada/US border. Air Canada, Westjet, Pacific Costal, and Central Mountain airlines offer air service to/from Vancouver, Calgary, Edmonton, and Prince George.

About the Developer: Founded 40 years ago by William Grenier, Pagebrook is a Canadian success story having developed many residential, hospitability, and commercial projects within Canada and the US. Building upon this legacy Michael Grenier now directs Pagebrook, Inc. and its development at Tobiano.

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