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City of Peterborough Home ownership Assistance Loan Program 2017

Home ownership Assistance Loan Program 2017







The City of Peterborough is offering a
$15,000 loan to assist with a down payment

. The eligibility criteria for this Program include, but are not limited to, the following:


Are currently renting (as defined by the Residential Tenancies Act,2006);

Do not presently own a home or property;

Do not owe money to a social housing landlord;

Have a gross annual household income up to $78,400;

Will use the purchased home as the sole and principal residence;

Qualify for a mortgage from a qualified lender; and

Are at least 18 years old.

The Home:

Is purchased for $300,000 or less;

Is a single detached, semi-detached, townhouse, row, or apartment unit
(freehold or condominium);

Is inspected by a professional home inspector (resale homes); or

Is covered under the Ontario New Home Warranty Program (new homes);

Is located in the City or County of Peterborough; and

Is of a modest size (approx. 1100 sq. ft for a 3 bedroom home).

[b]Application Process:[/b]

Step 1

Household eligibility approval

Mortgage pre-approved by qualified lender

Homeownership Education complete

Step 2

Requires signed-back Agreement of Purchase and Sale dated at least 5days
later then the date of your Step 1 Eligibility Approval Letter and with a
minimum of 30 days notice of the closing date

Signed-back Loan Agreement to receive loan upon closing

Other Key Points:

The loan is forgiven if the home
is the sole and principal residence for 20 years, but is otherwise repayable.

The loan is registered on title as a second mortgage on closing.

Canada Mortgage and Housing Corporation (CMHC) mortgage insurance treats the
$15,000 loan as equity.

Additional funds may be available to
applicants moving out of social housing.

Household assets, including any gifting amounts from
friends or family, savings, GICs etc. cannot exceed $15,000.

RRSPs do count towards personal assets
if they can be accessed for home
purchases as per Canada Revenue Agency guidelines.

The loan amount may be decreased if
$15,000 is greater than 10% of the purchase price.

Loans will be offered, subject to availability, on a first-come, first-serve basis.

The Program ends when funding has been allocated or December 1, 2017

The Affordable Home Ownership program by Chatham-Kent Housing Services

Affordable Home Ownership

The Investment in Affordable Housing (IAH 2014 Extension), Homeownership Program is being delivered by Chatham-Kent Housing Services on behalf of the Federal and Provincial governments. The Affordable Home Ownership program provides individuals and families with a loan for the down payment on a home.

Applications are now being accepted!

If you qualify, you can receive 7% of the purchase price of a home,

up to a maximum of $7,300. Funding is in the form of a 20 year interest-free loan registered on title.

The home must:

Be located in the Municipality of Chatham-Kent
Have a maximum purchase price of $153,900
Be approved by Chatham-Kent Housing Services Division
Have a home inspection completed by a Registered Home Inspector or Associate/Applicant Member of the Canadian Association of Home and Property Inspectors. The cost of the inspection is at the purchaser’s expense.

To qualify you must…

Be at least 18 years old and currently renting
Not own or not partly own another home or property
Not owe money to a Social Housing landlord
Be a legal resident of Canada
Have a total gross household income of $68,000 or less
Be eligible for a mortgage at a recognized financial institution
Intend to have this home as your one and only residence (you cannot transfer or lease it to someone else)

How do I apply?

Read the CKHS Home Ownership Fact Sheet
Complete and sign the CKHS Home Ownership Application Form
Deliver or mail your completed application form to CKHS with all of the required supporting documents

For a copy of the application:

Call CKHS to have an application mailed to you
Visit the CKHS office during regular office hours: Monday to Friday (excluding holidays) 8:30 a.m. to 4:30 p.m.
Note: Details are subject to change at the discretion of the Chatham-Kent Housing Services Division (CKHS) and per the requirements of the Ministry of Municipal Affairs and Housing.
Be sure to check back regularly for updates!

The Affordable Home Ownership program by Chatham-Kent Housing Services

Learn more about Forgivable Canadian real estate grants at

2017 Home ownership Down payment Assistance Program Windsor


Details contained herein are for informational purposes only and are not to be relied upon as a comprehensive or precise representation of the program, its terms and conditions, or eligibility rules.

2017 Home ownership Down payment Assistance Program Windsor

The Federal and Provincial governments partnered to fund a Home ownership Down payment Assistance Program.

It is expected this round of the program can provide assistance to a limited number of households. Down payment assistance of 10% of the purchase price of an eligible home,

Up to a maximum of $20,850 is provided by a 20-year forgivable loan
registered on title as a second mortgage.

Applicant eligibility criteria include income and asset limits among other criteria. For additional information, please refer to the Program Information Sheet and sample Loan Agreement at the links provided below.

The program expires when program funds are depleted or on November 30, 2017, whichever occurs first.

2017 Home ownership Down payment Assistance Program Windsor


Learn more about Canadian real estate grants at

Peterborough Renovates Program (PRP)

Peterborough Renovates Program (PRP)










The Peterborough Renovates
Program (PRP) is a home repair
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.
whole program is called the
Investment in Affordable Housing
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

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

Email: louise@habitatpkr.ca

Check out the website for more

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

Discover the Formulas for Success in Canadian Real Estate

Discover the Formulas for Success in Canadian Real Estate

1.5You might think that where you are right now is far away from where you want to be, and that isn't true. It isn't years away, not even months, but it could be right infront of you. Having an apprenticeship changes everything. The fact is, almost 99% of the Canadian real estate investors who set out to acheive their dreams don’t get them. Even if they work hard and are nice people. That missing Percent can be conquered by learning from our mistakes and our success.

2The first formula is finding Canadian Real estate deals at a deep discount. That is the most important skill any Canadian real estate investor can have. Why? Because instead of waiting 20 years to make a profit, you can make it instantly. Appreciation and inflation takes forever. Guessing and speculating always leads to being bankrupt. After each real estate bust, the gamblers are the ones who lose it all. If a real estate investor is having trouble profiting, it is most likely a problem with how they acquire. Either they don’t know how to invest in deep discounted deals or they don’t know these deals exist. Flipping4Profit.ca provides you eye witness ,real time, real deal training with your own boots on the ground.

The next formula is to have a Real Estate investment coach who has a proven track record. If you want to make massive and passive income, make sure to team up with an entourage 3of experts and coaches. No matter what anyone tells you, investing in Canadian real estate is a team effort. You team doesn't only have to include Canadian real estate investors, it can also include lenders, realtors, brokers, contractors and all of these people can be part of your entourage.  Your entourage will help you reach your dreams of success in Canadian real estate. Keep in mind that a team need to be developed early on. Real estate investors believe that once they are successful then they can build a team, but it is the opposite. Put together a team now instead of later, and you can create 4massive income.

Networking is the third most important component. At Professional Real Estate Investors Group (PREIG) Canada, networking with other investors becomes really easy. Relationships will help you acheive your goal of success, and create massive and passive income.

Systems & Strategies: You have to learn solid and reliable system and strategies in the apprenticeship so that your business can still run even without your presence.  Meaning, if you were to go away for just a few days or weeks, your business can still generate income.

6Another formula for success is accountability. If you truly want something bad enough, you have got to hold yourself accountable to your goals, or get someone else to hold you accountable. Without self-discipline, accountability is the distance between you and what you want to achieve in Canadian real estate. 

Ten Commandments of investing in Canadian real estate; That’s because one thing we learned from 5my mentors and coaches is that the glue that holds the business together, is the same thing that holds a family together. The same thing goes for a religion, a sports team, a civilization- Your success in real estate is decided by your ability to follow these commandments.