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Funding to help buy a home Waterloo region-Ontario

If you rent and are thinking about buying a home, you may qualify for funding to help with your purchase. The Region's Affordable Home Ownership program is one of many funding opportunities available.
Affordable Home Ownership Program

Forgivable Grants for Thunder bay Home Owners
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The Region's Affordable Home Ownership program provides individuals and families with a loan for the down payment on a home.
Forgivable Grants for Waterloo Home Owners
If you qualify, you can receive five per cent of the purchase price of a home. The home must be:

Located in the Region of Waterloo
A maximum purchase price of $386,000
Approved by the Region of Waterloo

Note: The program may change from time to time as we receive updates from the Ministry of Housing. Be sure to check regularly for updates.

Are you eligible to apply?

To be eligible to apply  Forgivable Grants for Waterloo Home Owners, you must:

  • Qualify for a mortgage
  • Have a maximum household income of $90,500
  • Be at least 18 years old and currently renting
  • Not own or have an interest in a home
  • Not owe money to a Community Housing landlord
  • Be a legal resident of Canada
  • Intend to have this home as your one and only residence

Forgivable Grants for Waterloo Home Owners
Please see the Affordable Home Ownership Program Fact Sheet for more information. How do I apply?

Complete the Affordable Home Ownership Application Form. You can also call 519-575-4400 ext. 3219 to have an application package mailed or faxed to you.

Drop off, mail, fax or email your completed application to:

Region of Waterloo, Housing Division
Attention: Affordable Home Ownership Program
20 Weber Street East, 4th Floor, Kitchener, ON N2H 1C3
Fax: 519-575-4026 Email: aho@regionofwaterloo.ca

 Forgivable Grants for Waterloo Home Owners repair your home in Waterloo region-Ontario

If you own a home and need to do repairs or make it accessible, there are funding opportunities available in the community. For a full list, view the incentives to repair a home guide. Ontario Renovates

The Region's Ontario Renovates program helps you cover the cost of repairing or modifying your home. You may qualify for up to $25,000 in forgivable loans to:
Forgivable Grants for Waterloo Home Owners
Keep your home in good repair
Install accessibility features like ramps, bath lifts or alarms
Build a separate apartment in your home (secondary suite)

Who is eligible?
General repairs or modifications

You may qualify based on:

Your income
The value of your home (maximum of $403,635)

Please see the Ontario Renovates Fact Sheet for more information on eligibility and for a list of projects that could be covered.
Building an in-law suite

You may qualify based on the amount of rent you will charge for the apartment. Please see the Ontario Renovates Secondary Suite Fact Sheet for more information on eligibility.

Please call 519-575-4400 or email ontariorenovates@regionofwaterloo.ca if you have any questions.
How to apply

To apply, complete the Ontario Renovates application form or the Ontario Renovates Secondary Suite application form and fax, email, mail or drop the form off at:

Ontario Renovates Program
Region of Waterloo – Housing Services

20 Weber Street East, 4th Floor
Kitchener, ON N2H 1C3
Fax:519-575-4026

Email: ontariorenovates@regionofwaterloo.ca

To receive a loan this year you will need to apply before December 1. A limited amount of funding is available each year.

If you qualify, we will set up a home inspection for you. If you need repairs right away because of a water leak or other urgent issue, please call 519-575-4400.

This program is funded by the federal and provincial governments through the Investment in Affordable Housing (IAH) Program.

Funding for Secondary (In-Law) Suites in Region of Waterloo-Ontario

If you would like to add an affordable secondary (in-law) suite to your home, the Region can help you pay for the cost. Funding is available through Ontario Renovates.

Who is eligible  Forgivable Grants for Waterloo Home Owners

You may qualify for funding to help build an affordable secondary suite based on:

Forgivable Grants for Waterloo Home Owners

  • Your home is a single family home with a maximum value of $403,635
  • The new unit is self-contained and conforms to municipal zoning and building requirements
  • Your tenant's household income
  • The amount of rent you want to charge for the secondary suite

Please read our fact sheet to learn more about eligibility. Please call or email ontariorenovates@regionofwaterloo.ca if you have any questions.How to apply

Fill out the application form and fax, email, mail, or drop the form off at:

Ontario Renovates Program
Region of Waterloo – Housing Services

20 Weber Street East, 4th Floor
Kitchener, ON N2H 1C3
Fax:519-575-4026
Email: ontariorenovates@regionofwaterloo.ca

To receive a loan this year you will need to apply before December 1, as funding is limited.

Forgivable Grants for Waterloo Home Owners

This program is funded by the federal and provincial governments through the Investment in Affordable Housing Program.

DISCLAIMER

We believe the information contained in this
article to be accurate.It is presented with the
understanding that we are not engaged in
rendering legal,accounting, or investment advice.
When professional assistance is required,
utilize the services of a licensed real estate
broker, lawyer, accountant,
or other consultant as may be required.

Forgivable Grants for Waterloo Home Owners
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