Let Options help get you there sooner
Options for Homes is Canada’s largest non-profit developer of attainable ownership condominiums working exclusively on making homeownership more affordable. We believe whole-heartedly that a thriving city is one in which a diverse group of people can live, work and play. We believe in a housing market that is accessible to our workforce, our service sector, our creatives and to our next generation. A city that welcomes rather than excludes. That’s why our mission is to help you get into a home of your own sooner with the Options Ready Program.
Bringing homeownership within reach
Increase your buying power with down payment support available through The Options Ready Program. Are you ready?
Here's what you need to qualify
Have as little as 5% down payment
We’ll help you access an additional 10% to 15% to increase your down payment.
Qualify for a mortgage
The Options Ready Program is available to anyone able to secure a mortgage from a tier-one bank or credit union.
Intend to live in your condo
No investors, please. We build condos for people who want a place to call home.
Final release at The Humber
We have a selection of 2 and 3-bedroom suites remaining at The Humber, located at Lawrence Ave. W and Weston Rd. Summer 2023 occupancy!
Coming soon to Scarborough
Options for Homes is developing a new multi-phase community at Markham Rd. and Dunelm St. Register for updates on the sales launch.
Meet our collection of communities
From The Distillery to The Junction, from Scarborough to Weston, Options for Homes’ communities stretch across the GTA. Here’s where we’re building now.
The latest at Options
From blog posts and relevant news, get caught up on everything going on with Options for Homes.
What people are saying about us
Frequently Asked Questions
We know you have questions about how Options for Homes can help you become a homeowner. We have answers!
What is Options for Homes?
Read OnOptions for Homes is Canada’s largest non-profit developer of attainable ownership housing. As a non-profit social enterprise our sole mission is to make homeownership more accessible for people who have a good income, but are having trouble building up a down payment. We do that through The Options Ready Program, which is designed to help people become confident home buyers, provide financial literacy, and access to a shared equity down payment that helps make ownership more affordable. We have been in operation since 1994 and we’ve won nine industry awards. Our 15th condo is currently under development.
What qualifications are there for the Options Ready Program?
Read OnThe down payment support available through the Options Ready Program is accessible to anyone looking to purchase a condominium with Options. The only requirements for down payment support are that you can qualify for a mortgage from a primary lender (a tier-one Canadian bank or credit union), that you make the minimum down payment required to purchase at the time you sign the purchase agreement, and that you intend to live in the Options home.
Can I buy an Options condominium as an investment?
Read OnNo. We build condominiums for people who are looking for a place to call home. We strongly discourage investors as our mission is to help people to become homeowners. Upon purchase, you will need to sign an affidavit stating that you will occupy the unit. If you receive down payment assistance through the Options Ready Program, you will be required to repay it if you choose to rent out your suite.
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