Category Archives: Real estate grants

Interest and payment-free down payment for Toronto Condos

Interest and payment-free down payment for Toronto Condos are here now for first time home buyers. “This is incredible opportunity for those who wants to have a head start to get into home ownership”says Navtaj Chandhoke founder of Professional real estate investors group (PREIG) Canada.

Situated on the banks of the Humber River on Wilby Crescent, this condo offers uninterrupted southwest views of the river and is mere steps from the Weston GO station and the UP Express, which will get you to Union Station in 15 minutes! Your new home will also be conveniently close to the Crosstown LRT, once completed.

Interest and payment-free down payment for Toronto Condos

At once a historic and up-and-coming community, Weston is on the verge of revitalization with arts groups such as Artscape and Urban Arts calling the neighbourhood home, and established community events like the Weston Farmer’s Market and Santa Claus parade. The Humber is next to Weston Lions Park, a 7.4-hectare park overlooking the river that boasts two ball diamonds, a tennis club, skate park, basketball court, splash pad, playground and outdoor pool. An innovative 2.3-acre rail deck park is expected to open soon nearby.

Each suite includes a locker and three standard appliances (fridge, stove with hood fan, dishwasher). The Humber will be built by Deltera and prices start at $350,500. Occupancy is expected to begin spring 2021.

Interest and payment-free down payment for Toronto Condos AMENITIES and FEATURES INCLUDE:

  • This is Toronto’s first Smoke Less condo! Only vaping/e-cigarettes are allowed in suites.
  • A large variety of family-sized units
  • 35 suite styles to choose from
  • Rooftop patio, underground parking and enhanced security features
  • End users only (this is not an investment project.)
  • Uninterrupted southwest views of the river
  • Mere steps from the Weston GO and UP Express (15 minutes from Weston to Union Station)
  • A community boasting the city’s oldest farmers’ market, it’s own Santa Claus parade and a new Artscape hub
  • Next to waterfront parks and recreation facilities, like Weston Lions Park

Plus, they’ll lend you 10 to 15% of the purchase price towards your down payment with the innovative Options Down Payment Loan. With the the Down Payment Loan, monthly carrying costs start at $1953 (with a 25-year mortgage). This loan is payment free, will save you thousands, and can help you own your first home, or simply a new home, sooner than you ever imagined was possible.

More information

info@optionsforhomes.ca
+1 416.867.1501
Suite 310,
468 Queen Street East
Toronto, ON M5A 1T7

There are plenty of forgivable Canadian real estate grants available for first time home buyers to existing home owners.

Interest and payment-free down payment for Toronto Condos

Canadian real estate investors can also take full advantage by creating affordable rental units. Directory of current forgivable, interest free real estate grants is available in a very limited quantity.

British Columbia Grant Threshold Raised

B.C. homeowner grant threshold raised to $1.65M

British Columbia Grant Threshold is $570 and will be automatically calculated based on property tax notices. The amount rises to $770 if the home is in a northern or rural area; up to $845 for seniors and people with disabilities; and up to $1,045 for people who meet a combination of those criteria.

Only homes used as an owner's primary residence are eligible for the grant.
British Columbia Grant Threshold Raised
Seniors, people with disabilities and others earning a low income can also apply to supplement their grants that have been reduced or eliminated for 2018 due to a high assessed value, and people over the age of 55 or who are supporting dependent children can apply for a property tax deferment.

The province estimates the grants will return $825 million to homeowners in 2018, an amount that the government reimburses to municipalities.

British Columbia Grant Threshold Raised


If you qualify for the home owner grant, you must apply each year to receive it. You must apply every year because the previous year’s information may be out of date if your residential circumstance has changed. This may affect your qualifications for the grant.

Submit your application to the office that sent your property tax notice.

A home owner grant application is included with your property tax notice. If you don’t have your tax notice, contact your municipality or the province if you live in a rural area, apply online, or use the Home Owner Grant Application (FIN 78) (PDF).

British Columbia Grant Threshold Raised
Only one qualifying owner can claim a grant for a property each year.

Grant amounts may be higher for homeowners who qualify as a senior, veteran or person with a disability. The homeowner who meets these qualifications must be the one who applies in order to receive the higher grant amount for that residence.

Anyone with your permission can apply on your behalf. However, if you pay your property taxes through your financial institution, your financial institution will not apply for the home owner grant on your behalf.

Separated Spouses
If you and your spouse are separated and living apart, you may be able to claim the home owner grant for each of your principal residences. You must have either a written agreement signed by both you and your spouse stating that you have agreed to live apart or a court order recognizing your separation.

Deceased Owner

You can apply for the home owner grant for a property that is still registered in the name of a deceased owner or in the name of the executor or administrator of their estate, if you meet the following requirements:

You’re the spouse, child, grandchild, parent, brother or sister of the deceased owner
The deceased owner would have qualified for the home owner grant
You occupied the residence as your principal residence on the date of the owner’s death
The property is still your principal residence
If the owner’s death occurred in the current year, you’ll receive the amount they would have been entitled to.

If the owner’s death occurred in previous years, you’ll receive the amount you qualify for.

When to Apply

Apply for the home owner grant when you receive your property tax notice.

If you’re going to be away when tax notices are mailed, you can apply early with the Home Owner Grant Application (FIN 78) (PDF) and submit it to the office that collects your property taxes. Your application will be processed after tax notices are mailed.

Late payment penalties may apply if your application is not received by the office that sent you your property tax notice before the due date for your taxes. The grant is a form of payment towards your property taxes and it is considered a late payment if you apply late.

However, you can still apply for the home owner grant until December 31 of the current tax year. You can apply even if you haven’t paid your property taxes.

If you qualified for the grant last year and didn’t apply, you may be able to claim the grant retroactively for up to one year.

Required Documentation
Remember to include all required documentation with your application. If any additional documentation is required, the municipal or provincial office that sent your property tax notice will contact you.

How to Submit Your Grant Application
Your home owner grant application must be sent to the municipal or provincial office that sent your property tax notice. You can submit your application using one of the following options:

Online
Mail
In person

British Columbia Grant Threshold Raised
Online

The province and some municipalities allow you to apply for the home owner grant online.

If your property is located in a municipality, contact your municipality to find out if and how you can apply online.

If your property is located in a rural area, you can apply online through the Rural Home Owner Grant Application. You’ll need the rural folio number on your 2017 property tax notice.

Mail
Send your application by mail to the address provided on your property tax notice.

In Person
If your property is located in a municipality, you can drop off your completed application at the location(s) listed on your property tax notice. For more information, contact your municipality.
British Columbia Grant Threshold Raised

If your property is located in a rural area, you can drop off your application for the British Columbia Grant Threshold Raised at a Service BC Centre near you.