It was the June 2013 floods that prompted Richard Kerton to evaluate his housing options. He was out of his downtown rental apartment for two weeks when he discovered that he could buy a move-in ready unit through the Attainable Home Ownership Program.
“The flood of last year was a big thing for me,” says Richard. “It is one of the reasons why I checked out AHCC.”
“I was amazed at how easy it was. At the first meeting, they told me to contact a bank about a mortgage. A week later, I was informed that I had a mortgage. I checked out the floor plans of Beacon Heights and found my ideal condo. The next day, I took the home education course and I am very happy to say that then I had my condo.”
“I never thought I would be able to get into the housing market in Calgary unless I won the lotto. In a way I did.”
Richard bought a one-bedroom apartment condo at Beacon Heights in northwest Calgary. For Richard, good connections to Calgary Transit and storage space were important.
With permanent employment as a health care aide, Richard says saving a down payment was a challenge while renting.
“I knew my rent would be going up soon, so I think my attainable home is a real bargain.”
“The down payment assistance has definitely been a big plus, and the education session also helped me to make the decisions that I had to make.”
Richard is pictured above with his partner, Margaret, and her dog, Suki.
About the development:
Name: Treo at Beacon Heights
Status: Sold out
Location: Beacon Heights, NW Calgary
Number of attainable units: 91
Type of units: Apartments
Size: 1 – 2 bedrooms, up to 850 sq. ft.
Builder: Cidex Developments
WE MAKE HOME OWNERSHIP HAPPEN
Attainable Homes Calgary Corporation (AHCC) is a nonprofit social enterprise and wholly owned subsidiary of The City of Calgary that delivers well-appointed, entry-level homes for Calgarians who have been caught in the city’s growing housing affordability gap.
Through our Attainable Home Ownership Program, we connect builders, developers, lenders, lawyers and others to bring down the upfront costs of ownership so qualifying Calgarians can buy their very own home with a $2,000 down payment. Furthermore, when you decide to buy an attainable home, you're also choosing to pay it forward to help another family in the future. When you eventually decide to refinance or sell your home on the market, a share of the appreciation goes back into the program to fund more developments that will help even more people get a foot on the property ladder.
Do you aspire to own a home of your own? Contact us today and let us show you just how attainable this milestone can be.