Click the red button!
This gets you registered with us & then
we can connect you with mortgage specialists.
While you’re waiting for your mortgage pre-approval, click through our available homes.
Select your new home!
You pay $2,000. We loan the rest of your down payment.
Enjoy the stability and security of owning your own home!
IF you exit the program, you pay back the down payment loan and share a portion of the appreciation (growth in the value of the home).
Mortgage rules in Canada require a buyer to contribute 5% of the purchase price of the home in the form of a down payment. When you buy a home through Attainable Homes Calgary, you only need to contribute $2,000 and we loan the remainder to get you to 5%. There is no interest on the down payment loan!
The only income requirement set by our program is a MAXIMUM limit. In other words, combined household earnings must be BELOW $131,424. To learn if you could qualify for a mortgage through one of our banking partners, click the red button on this page and we will contact you to help you get started.
Along with you, AHC is listed on the legal title of the home. However, you are the primary homeowner and can take pride in knowing your home is your own.
Clicking the red button is where to start. The registration tool adds you to our list so that we know you’re interested in homeownership. We can then help you connect with our mortgage specialists. Knowing the value of the mortgage you are pre-approved for will help you to manage your expectations when looking for a home.
When you decide to sell your home, the down payment loan is returned to AHC and if there is appreciation in the value of your home, you share a portion with AHC to help pay it forward to more deserving Calgarians.
Alternatively, you may wish to remain in your home and remove AHC from the property title. In this case, an appraisal would be done to determine the current market value. The remainder of the process is the same.
This is determined by how long you’ve owned your home. The program is designed to encourage owners to live in their homes for at least the same duration as their five-year mortgage term. This prevents you from paying bank penalties for exiting your mortgage early. It also gives your home the best chance to grow in value. If you stay in your home for more than five years, you keep 75% of the appreciation and our share is 25%. If you exit the program earlier, your share of appreciation is determined by the following calendar:
|Years of Ownership*||Your Share of the Home’s Appreciation|
All our homes allow pets. However, the individual properties and their bylaws determine exactly what types of pets are allowed. Sometimes they restrict the number of pets or their size. Typically, townhomes have fewer restrictions than apartments.
Yes, all our townhomes are condominiums and require monthly condo fees. The fees are determined by the size of your home and the building’s annual operating budget. The fees go toward operating and maintaining common areas, snow and garbage removal and landscaping. Note that in apartment-style condos the fees may include utility costs for heat, hot water and waste. The fees also build a reserve fund used to pay for future repairs or replacements for things like the roof, siding, fencing, or boiler. If you owned a single-family detached home, you would be responsible for all of these things on your own.
1. Your combined household income is below $131,424.
2. You can qualify for a mortgage and provide $2,000 of your own money.
3. You complete our online education presentation.
4. You live in the home and it’s your only home.
5. Your assets are less than 20% of the home’s purchase price, up to a maximum of $50,000 (Don’t worry; your primary vehicle, RESP, RRSP, or pension don’t count against you).