DOWN PAYMENT SAVINGS PROGRAM
In Canada banks require all homebuyers to have a minimum of 5% down payment of the value of the home. With our downpayment savings plan we help you to save this amount for the eventual purchase of your house. Both of these examples start with an initial deposit, which will be determined by the price of the home, and then each month a portion of your rent will be credited towards a savings plan for your future down payment. The best part is that this credit is part of your rent so you will be saving for your down payment and you won’t even realize it!
Example of a Rent to Own Bungalow in the city of St Catharines-