Conditions Apply

Last updated on: 8 Jan 2020


The information on the website ( getHomePageUrl() ) may contain certain forward-looking statements, including but not limited to forward-looking statements related to the availability of suitable real estate properties, projected internal rates of return, expected appreciation of real estate properties and the development of the rental real estate market in the Greater Toronto Area, and the possibility of trading securities on a secondary market. These statements relate to hypothetical or future events or future performance and reflect or infer management’s expectations regarding the growth, performance values, proceeds of realization and financing and business prospects and opportunities of this information. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking statements can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “continue”, or the negative of these terms or other comparable terminology. A number of known and unknown factors could cause actual events or results to differ materially from the results expressed or implied by the forward-looking statements. Such factors include but are not limited to changes in applicable law, changes in general economic conditions and in local market conditions, fluctuations in interest rates, the attractiveness of the properties to purchasers and tenants, competition from other property owners and developers and those factors discussed in the section entitled “Key Risks” on the website. In evaluating these statements, prospective participants should specifically consider various factors which may cause actual results to differ materially from any forward-looking statement. Although the forward-looking statements contained in the website are based upon what management believes to be reasonable assumptions, management cannot assure readers and hypothetical participants that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this document and management assumes no obligation to update or revise them or to release publicly any updates or revisions to reflect new events or circumstances.


The information on the website is not, and under no circumstances is it to be construed as, a prospectus, advertisement or public offering of the securities referred to herein. No securities commission or similar regulatory authority has passed on the merits of the securities offered nor reviewed this information.

This information was prepared by representatives of BuyProperly Limited, the sponsor of the Partnership. No person is authorized to give any information or to make any representation not contained on the website and if given or made, any such information or representation must not be relied upon. Statements on the website are made as of the date hereof unless stated otherwise herein, and neither the delivery of this information, nor any sale hereunder, shall under any circumstances create an implication that the information contained herein is correct as of any time subsequent to such date.


The rights of action for damages and rescission discussed below are in addition to and without derogation from any other right the purchaser may have at law.

As used herein, “misrepresentation” means an untrue statement of a material fact or an omission to state a material fact that is required to be stated or that is necessary to make any statement in the website or any amendment hereto not misleading in light of the circumstances in which it was made. A “material fact” means a fact that would reasonably be expected to have a significant effect on, the market price or value of the units of the Partnership

If the information on the website, together with any amendment hereto, delivered to a purchaser of Units contains a Misrepresentation and it was a Misrepresentation at the time of purchase of Units by such purchaser, the purchaser will have, without regard to whether the purchaser relied on such Misrepresentation, a right of action against the Partnership for damages or, while still the owner of the Units purchased by that purchaser, for rescission, in which case, if the purchaser elects to exercise the right of rescission, the purchaser will have no right of action for damages against the Partnership, provided that:

  • the Partnership shall not be held liable pursuant to either right of action if the Partnership proves the purchaser purchased the Units with knowledge of the Misrepresentation;
  • in an action for damages, the Partnership is not liable for all or any portion of such damages that the Partnership proves do not represent the depreciation in value of the Units acquired by the purchaser as a result of the Misrepresentation relied upon;
  • the Partnership will not be liable for a Misrepresentation in forward-looking information if the Partnership proves that:
    • the information on the website contains reasonable cautionary language identifying the forwardlooking information as such, and identifying material factors that could cause actual results to differ materially from a conclusion, forecast or projection in the forward-looking information, and a statement of material factors or assumptions that were applied in drawing a conclusion or making a forecast or projection set out in the forward-looking information; and
    • the Partnership has a reasonable basis for drawing the conclusion or making the forecasts and projections set out in the forward-looking information;
  • in no case shall the amount recoverable pursuant to such right of action exceed the purchase price of the Units acquired; and
  • no action may be commenced to enforce such right of action more than:
    • in the case of an action for rescission 180 days after the date of the transaction that gave rise to thecause of action; or
    • in the case of an action for damages, the earlier of:
      • 180 days after the purchaser first had knowledge of the facts giving rise to the cause of action, or
      • three years after the date of the transaction that gave rise to the cause of action.

The foregoing rights do not apply if the purchaser purchased Units of the Partnership using the “accredited investor” exemption and is:

  • a Canadian financial institution or a Schedule III bank (each as defined in OSC Rule 45 501 Ontario Prospectus and Registration Exemptions);
  • the Business Development Bank of Canada incorporated under the Business Development Bank of Canada Act (Canada); or
  • a subsidiary of any person referred to in paragraphs (a) to (d) above, if the person owns all of the voting securities of the subsidiary, except the voting securities required by law to be owned by directors of that subsidiary.
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Capital at risk - The value of your investment can go down as well as up. All securities involve risk and may result in partial or total loss. Past Performance is not a reliable indicator of future performance. BuyProperly does not provide tax or investment advice and any general information provided is to help you make your own informed decisions. See Key Risks & Disclosures for further information

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