DREAM BIG AGAIN!

SHOWHOMES. COTTAGES. CARS. TRIPS. CASH.

WIN IT ALL!

LOYALTY PRIZE DEADLINE: MIDNIGHT, FRIDAY!

3 LOYALTY PRIZES TO BE WON.

2022 BMW & TRIP TO BARBADOS OR $70,000 CASH!

LOYALTY PRIZE DEADLINE: MIDNIGHT, FRIDAY!

LOYALTY PRIZE DEADLINE: MIDNIGHT, TOMORROW!

LOYALTY PRIZE DEADLINE: MIDNIGHT, TONIGHT!

DREAM BIG AGAIN!

SHOWHOMES. COTTAGES. CARS. TRIPS. CASH.

WIN IT ALL!

VIP PRIZE DEADLINE: MIDNIGHT, SEPTEMBER 23!

3 VIP PRIZES TO BE WON.

2023 TESLA & TRIP TO TAHITI OR $130,000 CASH!

VIP PRIZE DEADLINE: MIDNIGHT, FRIDAY!

VIP PRIZE DEADLINE: MIDNIGHT, TOMORROW!

VIP PRIZE DEADLINE: MIDNIGHT, TONIGHT!

ALREADY 50% SOLD!

DREAM BIG AGAIN!

SHOWHOMES. COTTAGES. CARS. TRIPS. CASH.

WIN IT ALL!

MILLION DOLLAR BONUS PRIZE DEADLINE: MIDNIGHT, OCTOBER 21!

TORONTO CONDO. LEAFS, RAPTORS & TFC SEASON TICKETS. NYC TRIP. $100,000 CASH!

BUY YOUR TICKETS AND BE IN TO WIN IT ALL!

MILLION DOLLAR BONUS PRIZE DEADLINE: MIDNIGHT, FRIDAY!

MILLION DOLLAR BONUS PRIZE DEADLINE: MIDNIGHT, TOMORROW!

MILLION DOLLAR BONUS PRIZE DEADLINE: MIDNIGHT, TONIGHT!

DREAM BIG AGAIN!

OVER 25,000 INCREDIBLE PRIZES!

SHOWHOMES. COTTAGES. CARS. TRIPS.

NOW 70% SOLD!

$2.8 MILLION EARLY BIRD PRIZE DEADLINE: MIDNIGHT, NOVEMBER 18!

MUSKOKA LAKEFRONT COTTAGE PLUS $100,000 CASH!

BUY YOUR TICKETS NOW AND START DREAMING ABOUT COTTAGE LIFE!

$2.8 MILLION EARLY BIRD PRIZE DEADLINE: MIDNIGHT, FRIDAY!

MUSKOKA LAKEFRONT COTTAGE PLUS $100,000 CASH!

BUY YOUR TICKETS NOW AND START DREAMING ABOUT COTTAGE LIFE!

$2.8 MILLION EARLY BIRD PRIZE DEADLINE: MIDNIGHT, TOMORROW!

MUSKOKA LAKEFRONT COTTAGE PLUS $100,000 CASH!

BUY YOUR TICKETS NOW AND START DREAMING ABOUT COTTAGE LIFE!

$2.8 MILLION EARLY BIRD PRIZE DEADLINE: MIDNIGHT, TONIGHT!

MUSKOKA LAKEFRONT COTTAGE PLUS $100,000 CASH!

BUY YOUR TICKETS NOW AND START DREAMING ABOUT COTTAGE LIFE!

ABSOLUTE FINAL DEADLINE: MIDNIGHT, DECEMBER 2!

OVER 25,000 INCREDIBLE PRIZES! DON’T MISS OUT!

SHOWHOMES. COTTAGES. CARS. TRIPS. CASH.

Grand Prize Oakville FAQs

DO I HAVE TO TAKE MY PRIZE HOME, OR CAN I JUST TAKE CASH? 

Prize homes must be accepted as awarded.  There is no cash alternative available for prize homes. 

ARE THERE EXPENSES OR LEGAL COSTS ASSOCIATED WITH TAKING OWNERSHIP OF THE PRIZE HOME?

No. The prize home is awarded free and clear of all encumbrances.  There are no legal fees to the prize winner associated with the title transfer.  These costs have been paid by The Princess Margaret Cancer Foundation (PMCF).  However, if a winner retains their own counsel, which is their option, this is at their own expense.

WHEN DO I TAKE TITLE OF MY PRIZE HOME?

The closing date will be discussed with you with the lottery legal counsel.  This will require that you fully cooperate with the Foundation’s lawyers to provide the documentation required within their specified timelines.

DOES THE TICKETHOLDER’S NAME HAVE TO BE ON THE TITLE OF THE PRIZE HOME?

No. Title may be directed to qualified title holders and can be discussed with the Foundation’s legal counsel.

WHAT AM I RESPONSIBLE FOR IN ORDER TO TAKE TITLE OF MY PRIZE HOME?

You are responsible for insurance, property taxes, utilities, road association fees (if applicable)  and all the other normal costs of home ownership as of the closing date. You are required to set up accounts to arrange for the payment of the realty taxes and utilities prior to the closing date, and it is recommended, although not required, that you obtain property insurance.

DO I HAVE TO LIVE IN THE HOME FOR A YEAR BEFORE I SELL IT?

No. You can opt to “sell” or “move in” – but the title must be taken before the property can be listed for sale.  There is no requirement a winner to move and occupy a prize home for any time period.

DO I HAVE TO PAY INCOME TAX ON MY PRIZE HOME WIN?

No. Lottery winnings in Canada are not taxable. For other questions, please confer with your accountant.

HOW IS THE RETAIL VALUE OF THE PRIZE HOME DETERMINED?

The retail value as described in the lottery brochure is calculated at the purchase date and includes full HST. – i.e. Replacement Value. Market value should be determined by an appraiser. For example, if a prize home is listed in the brochure with a value of $300,000 and you sell the home and realize $350,000, PMCF will not look to you for the difference. Similarly, if the home is listed in the brochure with a value of $400,000 and you sell the home and realize $380,000, you may not look to PMCF to cover any difference. Your prize home may also be furnished, and the cost of those furnishings is part of the retail value.

IS THERE CAPITAL GAINS TAX ON THE PROPERTY IF I SELL IT?

Winning real estate is considered a lottery prize, not a capital gain. Lottery winnings are not taxable in Canada. If the prize winner is fortunate enough to subsequently sell the property for more than the value expressed in the Transfer from The Princess Margaret Cancer Foundation, there may be a capital gain applicable. We recommend you contact a tax or legal professional with specific questions.

WILL I BE ABLE TO SELL THE PRIZE HOME FOR THE VALUE INDICATED?

The value of the prize home, as marketed, is indicative of the entire replacement cost of the prize home. If you sell the prize home, what you realize for it in terms of a selling price may not be the value as marketed. As with all real estate, the selling price of the prize home may be influenced by a number of conditions, including real estate market fluctuations. Further, the value as stated in the brochure (replacement value)  of the prize home reflects the costs for land purchase, existing home demolition (if applicable), site preparation, permits, surveys, home construction, material purchase, labour, architectural drawings, landscaping, carrying costs, furnishings, decorating, all taxes applicable including full HST.

I HAVE BEEN APPROACHED BY A REALTOR TO SELL MY PRIZE HOME?

The PMCF does not sanction any realtor. You may be approached by realtors to sell your prize home.  These realtors have no relationship with PMCF.

WHAT HAPPENS BETWEEN NOW AND THE TITLE TRANSFER?

Customarily there would be a walk-through of the prize property to complete the pre-delivery inspection with yourself and the builder.  This is subject to the Government of Ontario COVID-19 restrictions at the time of the awarding of your prize and will be discussed further with you by both the builder representative and the lottery lawyer. You may also be required to provide documentation to the lottery lawyer, such as utility forms. 

If you have any further questions, please contact the lottery management office at: 416-450-1817 or Andrea White, legal counsel for the PMCF, whose contact info is contained in your prize notification letter.  Legal counsel may be working remotely, so if your call is not answered, please leave a message with your contact information.