Now accepting applications (July 10, 2018).
The dream of owning your own home is not out of reach, thanks to the Home Ownership Program.
The program provides financial assistance to qualified low-to-moderate income households. Funding is limited and is available on a first come, first served basis, in the form of a 20-year interest-free loan registered on title and up to 5% of the purchase price of the home.
This program is made possible through the Investment in Affordable Housing (IAH) Program, which is funded by the federal and provincial governments.
If you are interested in applying please complete the application form and submit to our office. Be sure to review the “self-check” list below before submitting your application.
Learn how much you can afford to pay for a mortgage using the Debt Service Calculator. This calculator will help you compare the level of your monthly debt and housing expense payments to your gross monthly household income. Your Mortgage Professional will perform this assessment when qualifying you for a mortgage.
Want to learn how much you can afford to spend on a house or your monthly rent? Click here to use CMHC’s affordability calculator.