Manitoba Housing is offering a new Rural Home ownership Program in select Manitoba communities, excluding urban centres where demand for rental housing currently exists.
The Rural Home Ownership Program has two unique streams:
- Vacant Rural Home ownership Stream
- Qualifying applicants may be able to purchase vacant homes owned by Manitoba Housing in select rural communities.
Get the Vacant Rural Home ownership Stream Application Form (PDF)
Get the Vacant Rural Home ownership Stream Statement of Income Declaration Form (PDF)
Get the Vacant Rural Home ownership Stream Program Evaluation Form (PDF)
Qualifying Manitoba Housing tenants may be eligible to purchase the single-detached home they are currently renting from Manitoba Housing in select communities (pdf) where there is little or no opportunity to purchase a home.
Get the Tenant Rural Home ownership Stream Application Form (PDF)
Get the Tenant Rural Home ownership Stream Statement of Income Declaration Form (PDF)
Get the Tenant Rural Home ownership Stream Program Evaluation Form (PDF)
You may be eligible for financial assistance if:
You currently rent a home owned by Manitoba Housing in selected rural communities;
You would like to purchase a vacant home owned by Manitoba Housing in selected rural communities;
You do not currently own a home or other property.
You qualify for a mortgage from a financial institution.
Household income must not exceed the following limits:
$48,693 for a household without children
$64,924 for a household with children or dependants
$55,996 for a Manitoba Housing tenant household without children (receive 10% down payment only)
$74,662 for a Manitoba housing tenant household with children or dependants (receive 10% down payment only)
The home you purchase from Manitoba Housing will be your principal residence.
Available Financial Assistance
Down Payment Assistance
Qualified applicants will receive financial assistance from Manitoba Housing towards the down payment for the purchase price of the home.
The down payment assistance has two components – one is 10 per cent of the purchase price and the other is 15 per cent of the purchase price.
The 10 per cent amount is forgivable on a pro-rata basis over five years. This means that for each year that you own and live in the home, one-fifth of the down payment assistance will be forgiven. After five years, the loan amount will reduce to zero.
The 15 per cent amount is forgivable after 15 years of continuous ownership and occupancy of the property. This means if you own and live in your home for 15 years or longer, you do not have to pay back the 15 per cent portion of the down payment assistance.
This example shows how the Rural Home
ownership Program works for a house priced at $60,000:
Purchase price: $60,000
Down payment assistance from Manitoba Housing:
10% contribution: $6,000
15% contribution: $9,000
Total value of down payment assistance available from Manitoba Housing $15,000
Mortgage amount required from Financial Institution $45,000
In addition to the down payment assistance, qualified applicants are eligible for:
Land Transfer Tax and Fees – paid for by Manitoba Housing,
Non-repayable grant – A grant of $1,500 is available to assist you with legal fees and other costs (second mortgage registration, home inspection, utility hook-up, moving costs, etc.).
Under your mortgage agreement with the financial institution where you get your mortgage, you are responsible for all payments.
The amount of financial assistance you receive from Manitoba Housing depends on the purchase price of the home.
Manitoba Housing will inspect the property before the sale and repair all identified health and safety concerns.
Homeowners may apply to Manitoba Housing renovation programs to help with other home repairs.
For more information contact us through the following:
Phone: 204-945-0567 or 204-945-0483 or toll-free at 1-855-201-4624 FREE outside of Winnipeg
In Person: Second Floor-352 Donald Street, Winnipeg, MB R3B 2H8
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.
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