Down payment Assistance program starting May 1, 2017 in Nova Scotia

Down payment Assistance program starting May 1, 2017 in Nova Scotia

New Program Helps Nova Scotians Purchase Their First Home

HALIFAX, NOVA SCOTIA–(April 26, 2017) – Professional Real Estate Investors Group (PREIG) Canada | |

First-time home buyers struggling to save enough for a down payment could soon get access to an interest-free loan from Housing Nova Scotia to make their dream of home ownership come true. The governments of Canada and Nova Scotia are investing $1.3 million to fund a new one-year Down Payment Assistance pilot program.

Andy Fillmore, Parliamentary Secretary to the Minister of Democratic Institutions and Member of Parliament for Halifax, on behalf of the Honorable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation (CMHC), along with the Honorable Joanne Bernard, Minister responsible for Housing Nova Scotia, made the announcement today.

Quick facts about Nova Scotia down payment assistance starting May 1st, 2017:

The new Home Ownership Down Payment Assistance Program will help 100-125 modest-income Nova Scotians who are pre-approved for an insured mortgage from an accredited lender, but struggle to save for the required down payment because of their income.

The program will offer interest-free loan of up to five per cent of the purchase price of a new or existing home, to a maximum purchase price of $280,000 in Halifax Regional Municipality (HRM) and $150,000 in the rest of the province.

To be eligible, applicants must have a total household income of $75,000 or less. Based on a sliding scale of household income and house purchase price, the down payment assistance loans can range between up to $7,500 and $14,000 (in HRM). Eligible home buyers will have ten years to repay their interest-free loan. Payments can be waived for the first year to allow new homeowners to adjust to any unforeseen costs.

“This is awesome news for first-time home buyers from Nova Scotia," Navtaj Chandhoke, founder of Professional real estate investors group (PREIG) Canada, said. "This program will stimulate the economy and have ripple effect to associate industries." Saving up for a down payment remains one of the main hurdles for first time home buyers in Nova Scotia.

The purchase price of the home may not exceed $280,000 in the Halifax Regional Municipality (HRM) and $150,000 in the rest of the province.

New home buyers must have good credit and be pre-approved for an insured mortgage by a recognized financial institution.

For an applicant to be eligible for the assistance of Nova Scotia First Time Home Buyer Down Payment Program, the following criteria must be met:

The property is in Nova Scotia, Canada.

The applicant is a first-time home buyer

The applicant is pre-approved for an insured mortgage by a recognized financial institution

The applicant has a satisfactory credit rating

The applicant has reviewed the educational material for first-time home buyers provided by Housing Nova Scotia

The applicant’s total household income is less than $75,000

The applicant has resided in Nova Scotia for at least 12 months

The purchased property must be the applicant’s principal residence; rental properties, seasonal and recreational properties are not eligible.

Nova Scotia First Time Home Buyer Down Payment Program Loans:

The loans are interest-free and are repayable over ten years. Participants may waive their payments in the first year.

The loan must go toward the down payment and cannot be used for financing, closing or other costs.

The down payment assistance loans can range between up to $7,500 and up to $14,000.

Additional Information for Nova Scotia First Time Home Buyer Down Payment Program:

The pilot program starts on May 1, 2017 and loans will be advanced between May 1, 2017 and March 31, 2018.

The program will help between 100 and 125 households based on Federal and Provincial funding of $1.30 million.

The program is based on a first come, first served basis. Unused monies in any area may be redistributed if take up is not on target in any of the four regions.

$250,000 is available through federal-provincial cost-matched funding of the Social Infrastructure Fund to cover interest costs and carrying charges.

The province is also making available $1.05 million in funds that will be loaned to program participants.

Learn more about Forgivable Canadian real estate grants at

Peterborough Renovates Program (PRP)

Peterborough Renovates Program (PRP)










The Peterborough Renovates Program (PRP) is a home repair program. It helps low to moderate income homeowners afford home
necessary repairs and upgrades. This can include energy and accessibility work. Funding comes from the federal and provincial governments. The whole program is called the Investment in Affordable Housing program. The City of Peterborough has a contract with Habitat for Humanity to delivery PRP. This means that staff at the Habitat office handle all applications and questions.

Yes, funding is limited. Funding is provided to qualifying applicants on a first-come, first-served basis. When funding has been used for
the current year, applicants may be placed on a wait list. This program can help homeowners in both the City and County of  Peterborough.  You must meet all program requirements to be an eligible applicant.

There are household income and house value limits.

Applications will be processed as funding is available each year.

PRP may be expanded to include a component for multi-unit residential projects in the future. This is at the discretion of the City.

Repairs and upgrades that may be eligible under this program include:

Fire and life safety related

Foundation and structural

Heating and ventilation systems


Windows and exterior doors

Roofs and eaves

Septic systems

Water supply systems

Electrical / plumbing

Accessibility related The Program Guidelines lists the types of eligible repairs. Security type upgrades are included in the program.

A household can receive no more than $25,000 through PRP. This could include a grant for up to $5,000 for accessibility work. The applicant must pay for any costs greater than the approved project amount

These loans are “forgiveable” with a term of 10 years. “Forgiveable” means that you do not need to pay anything as long as you continue to meet the terms in your loan agreement. All loans will be registered as either a Mortgage or a Notice on Title.

Habitat for Humanity  Peterborough & Kawartha Region for an application. Habitat is the delivery agent for PRP. This means they handle all applications for the program.

705-750-1456 or 1-855-750-1456


Check out the website for more information:

Their office hours are Monday to Friday from 9:00a.m. to 4:00p.m.

Sheriff Sales of Lands 395 Sunnyside Blvd, Lasalle


under and by virtue of a Writ of Execution filed with the Sheriff of the county of essex, dated february 3, 2015 under writ file number 15-0000134, the real and personal property of

Michael Levesque, Debtor, at the request of 363148 Ontario limited O/A AAA Stock’n lock self storage, Creditor(s),

I have seized and taken in execution all of the right, title, interest and equity of redemption of michael levesque, Debtor(s) in and to:

lt 581 pl 839 sandwich west; lt 582 pl 839 sandwich west (amended by ls257, ls401, ls1096 & r1227178); pt alley pl 839 sandwich west (closed by ls1995); pt sunnyside blvd pl 839 sandwich west (closed by ls1995) pt 103, 12r12507; lasalle

municipally known as 395 Sunnyside Boulevard, Lasalle

Sheriff Sales of Lands 395 Sunnyside Blvd, Lasalle

All of which said right, title, interest and equity of redemption of michael levesque, Debtor(s), in the said lands and tenements described above, I shall offer for sale by Public Auction subject to the conditions set out below at:

Superior court of justice, 245 Windsor Avenue, Windsor, Ontario, 519-973-6620 on Thursday, May 4, 2017,
at 10:00 a.m. (Registration from 8:30 a.m. – 9:30 a.m.)

the sale of the aforementioned property is subject to the following terms and conditions:

The purchaser to assume responsibility for all mortgages, charges, liens, outstanding taxes, and other encumbrances. No representation is made regarding the title of the land or any other matter relating to the interest to be sold. Vacant possession is not included in the sale of this property. Responsibility for ascertaining these matters rests with the potential purchaser(s).

Sheriff Sales of Lands 395 Sunnyside Blvd, Lasalle Terms

A deposit of 10% of bid price or $1,000.00, whichever is greater.
Payable at time of sale by successful bidder;
To be applied to purchase price; and
Non-refundable – Failure of the successful bidder to comply with these terms and conditions may result in a forfeit of any deposits paid at the time of the sale or any time thereafter.

Ten business days from date of sale to arrange financing and pay balance in full at superior court of justice, 245 windsor avenue, windsor, ontario.

All payments to be provided in cash or by bank draft, certified cheque or money order made payable to the Minister of Finance.

A Deed Poll will be provided by the Sheriff only upon satisfactory payment in full of purchase price.

Other conditions as announced

this sale is subject to cancellation by the sheriff without further notice up to the time of the satisfaction of the sale terms by a successful bidder.

Sheriff Sales of Lands 395 Sunnyside Blvd, Lasalle Note

No employee of the Ministry of the Attorney General may purchase any goods or chattels, lands or tenements exposed for sale by a Sheriff under legal process, directly or indirectly.

Date: March 22, 2017

Sheriff’s Enforcement Office, County of Essex
Ministry of the Attorney General
245 windsor avenue, windsor, ontario, N9A 1J2


We believe the information contained in this article to be accurate. .

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