The most powerful program in Canada helps you realize your dream of owning a home up to 10 years sooner! With only 5% of your own money down, you can obtain a high-quality condo with the lowest possible maintenance fees and an additional down payment loan worth up to $100,000 at our newest development – The Humber!
Options is Canada’s largest developer working exclusively on making home ownership more affordable. Operating for 25 years without government funding, we are a mission-driven social enterprise that turns home ownership dreams into reality.
Options develops high quality condos with our building partner Deltera (of the Tridel Group of Companies). Working with our funding partner, we take what would normally be a developer's profit and offer it to purchasers as down payment support to make home ownership more accessible sooner.
We give a hand-up, not a hand-out.
Our award-winning model allows you to access a down payment loan that is payment-free until you sell or move. This model can boost your down payment of 5% by 10% to 15% of the purchase price of your new home to help you secure a conventional mortgage, and since the amount is lower, this makes your monthly carrying costs lower too.
When you move, sell, or pay off your primary mortgage, the loan gets paid back plus some appreciation. If the loan towards your down payment was 10% to 15%, now 10% to 15% of the current home value is due back.
You may be eligible for an additional $60,000 from our funding partner to further boost your down payment if you’re a first-time buyer.
The Down Payment Loan is available to anyone who wants it, regardless of income or whether they have previously owned a home. The only requirements are that you have a 5% down payment, qualify and secure a mortgage from a primary lender, and plan to live in your Options home.
You can choose to take a loan worth 10% to 15% of the purchase price of the home. When you sell, no longer live in your home (or anytime before that if you choose), or if you repay your primary mortgage in full, 10% to 15% of current market value of your home is due back. This is why it's called a shared appreciation loan. The Down Payment Loan is a second mortgage issued through our funding partner, Home Ownership Alternatives (HOA). The repaid loans go into a “pay-it-forward” fund, managed by HOA, which is used to provide seed funding for communities that make home ownership possible for even more families and individuals.
HOA Mortgage Brokerage Licence #12009
No. The Down Payment Loan is only available for Options for Homes developments.
The Village by Main Station is built by Deltera, part of the Tridel Group of Companies, at 8 Trent Avenue. Just east of Danforth Avenue and Main Street and a 5-minute walk from Main Street subway station, this condo is ideally situated amidst a variety of shops and restaurants that line Danforth Ave making it a dynamic place to live. The neighbourhood is also home to a number of public recreation spaces, schools, and places of worship. Occupancy began Fall 2018.Find out more
Located on Danforth Road just north of Eglinton Avenue East, this condo overlooks a large, lush park that features walking trails, basketball courts, and an outdoor swimming pool. Built by Deltera, part of the Tridel Group of Companies, owners occupied beginning fall 2017.Find out more
This community is located at 35 Saranac Blvd, at Bathurst Street, two stoplights north of Lawrence Avenue West in the heart of one of Toronto’s oldest neighbourhoods. Built by Deltera, part of the Tridel Group of Companies, Cranbrooke Village suites range in size from bachelor to 3-bedroom. Bathurst and Lawrence is well served by public transit and is home to a large variety of shops and restaurants including the Lawrence Plaza with a Metro grocery, Winners, and banking facilities just a 2-minute walk away.Find out more
Located in the heart of Toronto’s Junction neighbourhood at 60-61 Heintzman Street, Heintzman Place is served by TTC bus routes, is in the midst of various shops and restaurants, and is a 15-minute walk from High Park and Keele Subway Station. Built by Deltera, part of the Tridel Group of Companies, this is Options’ largest development with 643 suites in two towers. Suites range from 400 sq. ft. bachelors to 1185 sq. ft. 3-bedrooms.Find out more
An ideal location, Old Kennedy is at 90 Old Kennedy Road, within blocks of the Milliken GO Station, the Pacific Mall, grocery stores, banks, restaurants, schools, parks, and more. It was built by Deltera, part of the Tridel Group of Companies and consists of 140 stacked townhouses ranging in size from 685 sq.ft. to 1110 sq.ft.Find out more
The Village at Guildwood's 36 townhouses and 9-storey apartment building were completed by Deltera, part of the Tridel Group of Companies, in 2006 at 3650 Kingston Road at the corner of Eglinton Avenue East and Kingston Road on the edge of the Guildwood area. Suites range in size from 435 sq. ft. up to 1,180 sq. ft. Lockers and parking are also available to residents.Find out more
The final phase of TRIDEL's Discovery Place, this community is located at 1200 The Esplanade North next to the Pickering Town Centre and minutes from the 401. Completed in September 2006, this 11 storey tower with 219 suites offers a full range of amenities.Find out more
This condominium offered both apartments (380) and townhomes (51), close to all necessary shopping amenities and within minutes of the University subway line – only 15 minutes by subway to Toronto's city centre! Located at 650 Lawrence Avenue West. Another quality building constructed by Deltera, a part of the Tridel Group of Companies.Find out more
One of Options' first developments is located in Toronto's Historic Distillery District. The three-phased development made up of the Mill Street, St. Lawrence, and Parliament Square condominiums was completed in 2001 with construction by Davies Smith Developments.Find out more
Situated on the banks of the Humber River on Wilby Crescent, this condo offers uninterrupted southwest views of the river and is mere steps from the Weston GO station and the UP Express, which will get you to Union Station in 15 minutes! The Humber will be built by Deltera, plus, you can recieve 10% to 15% of the purchase towards your down payment with a down payment loan made available through our funding partner.Find out more
Options for Homes is developing a new multi-phase community Markham Rd. and Dunelm St. in Scarborough. When complete, it will include two residential towers, stacked townhomes and a new public park. Backed by greenspace and close to transit, this location is within walking distance to essential shopping, is a 10-minute drive to the 401, and is just mintues by car to lakeside recreation.Find out more
Options is always working on finding new development opportunities to meet the growing demand for affordable home ownership. Presently we are in various stages of pre-development on several sites including Toronto and Scarborough. Sign up for our newsletter to keep up to date on all our developments.Find out more
Thank you for your interest in our Priority Access program. We are not issuing new memberships at this time.
If you are already a Priority Access member, your membership is still valid for any future Options for Homes projects – like our upcoming development at Dunelm St and Markham Rd. in Scarborough. And if you're not an existing Priority Access member you can still register to receive development updates and news about launch, pricing and floor plans.
Just because the pandemic has put a damper on socializing doesn't mean winter is a complete right off. Here, tips for thriving in this Covid winter.Read More
TORONTO STAR – Options for Homes was highlighted in a Toronto Region Board of Trade report as a leader in providing workforce housing. Read more about it here.Read More
TORONTO LIFE – Options CEO Heather Tremain was recently asked by Toronto Life to share her go-to lockdown content. Here's what she recommended.Read More
TORONTO STAR – When Kyle Paranuik's parents were in their mid-20s, they bought their first house in small-town Ontario for $45,000. Thirty-five years later, Paranuik bought his own first home in downtown Toronto — but it was a lot smaller (540 square feet), it cost a lot more ($691,500) and at age 31, he was quite a lot older.Read More
LIVABL – We think of pets as family, so when looking for a new place to call home, it's obvious that we'd seek out the best amenities and features for them too. (We're excited that The Humber made it on this list!)Read More
LIVABL – Livabl's round-up of 10 up-and-coming condo and townhome new construction projects happening close to the GO. All of these developments are slated for completion by 2022.Read More
In this podcast, Heather Tremain, CEO of Options for Homes, speaks with Sean Cooper of Burn Your Mortgage about shared-equity mortgages and how does they differ from a traditional mortgage.Read More
We’re here to help you become a homeowner 10 years sooner.
468 Queen Street East
Suite 310 P.O. Box 28
Toronto, ON, M5A 1T7