Investment info

Palladium Property Development offers a timely investment and income opportunity in Atlantic Canada. Bishop's Cove is the first waterfront condominium development specifically for mature adults in pristine Prince Edward Island. It is located one mile from the heart of downtown Charlottetown.

Market demographics for PEI such as a rental property vacancy rate of less than 2%¹, an aging population, and an increased urbanization suggest a continued limited supply and a growing demand².

Market opportunity to renting and purchasing Bishop's Cove properties is significant. During 2001 it was estimated that 1.185 million pleasure and business visitors to PEI spent $328.2 million (CDN). Visitor's expenditures increased by 9% from 2000. An estimated 23.9% of those visitors went to Charlottetown. Tourism PEI will spend an additional $3.8 million advertising in Ontario, Quebec and the New England states in 2003.

Financial scenarios prepared for the Angus Bernard condominium unit suggest an equivalent GIC return between 8.75% and 13.0% over ten years³.

Early bird pricing including discounted purchase prices, free underground parking, and free kitchen upgrades make Bishop's Cove condominium a very compelling opportunity.

Palladium's purchase price guarantee, rental income guarantee, property tax guarantee, condo fees guarantee, and building maintenance guarantee further enhance the viability of Bishop's Cove as an investment.

For more information contact Lori Sutherland directly at 902-687-1806 or by
e-mail at lsutherland@aemacphee.com.

NOTES:
1) Canadian Housing and Mortgage Corporation 'Rental Market Report', 2001
2) Statistics Canada 'Profile of the Canadian population by age and sex: Canada ages', 2001
3) Rates of return are based on underlying assumptions used by Palladium Property Development for the 'Bishop's Cove Investment' Kit'. This information is available upon request to qualified individuals by contacting Lori Sutherland at 902-687-1806 or at lsutherland@aemacphee.com.

CAUTION:
While Palladium Property Development ('Palladium') uses reasonable effort to include accurate and up-to-date information, Palladium makes no warranties or representations as to its accuracy. Palladium assumes no liability or responsibility for any typographical or other errors or omissions. Due diligence is solely the responsibility of the individual.