RE/MAX Garden City Realty Inc.
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Unlock the Door to Niagara Homeownership!

Homeownership Program

The Homeownership Program helps make homeownership possible for low to moderate-income households in Niagara. It also reduces demand for rental housing by assisting renters in purchasing affordable homes.

Program Benefits:

  • Provides down payment assistance through an interest-free loan of up to 10% of the purchase price, with a maximum of $66,774.80.

  • Encourages the construction of affordable housing by developers.

For an application, contact:
Jason Serroul 📞 905-401-4009
📧 Email: Jasons@remax-gc.com
Michael Martin 📞 289-687-6648
📧 Email: michaelmartin@remax-gc.com
Marissa Kerr 📞 613-793-1598
📧 Email: contact@marissakerr.com

Buyer Eligibility

To qualify for a down payment loan, buyers must:

  • Be a Canadian citizen, landed immigrant, or refugee claimant with no outstanding removal order.

  • Be a current resident of Niagara and at least 18 years old.

  • Not own or have an interest in any residential properties or owe arrears to a government-assisted housing provider.

  • Be a renter household or first-time homebuyer (those paying room and board or living with family/friends do not qualify).

  • Have never previously owned a home or had an ownership interest in one.

  • Have a gross annual household income below:

    • $95,000 for a one-person household.

    • $113,000 for a multi-person household.

  • Have personal assets below $50,000, including RRSPs and any gifted funds.

  • Qualify for a mortgage from a recognized financial institution and provide proof.

  • Submit a fully executed Agreement of Purchase and Sale within 60 days of receiving a Conditional Letter of Commitment.

  • Cover all costs associated with finalizing the home purchase and provide proof of ability to do so.

Home Eligibility

To qualify, homes must:

  • Be located in Niagara.

  • Undergo a home inspection (required for resale homes, recommended for new homes, paid for by the buyer).

  • Have a maximum purchase price of $667,748 (subject to updates from the Ministry of Municipal Affairs and Housing).

  • Be modest in size and features and can include detached, semi-detached, row houses, townhouses, duplexes, or condominiums.

  • Not be a property where the buyer or their family has an ownership interest.

  • Not include mobile homes or multi-residential properties (e.g., triplexes).

How to Apply

Step 1: Contact us for an application.

Step 2: Get pre-approved for a mortgage.

Step 3: Submit an application.

Step 4: Receive final approval.

Step 5: Start searching for your home :).

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