“For me, it made the payments more manageable,” she said. “Could I have afforded it [without Options]? Yes. But because of the [shared equity mortgage], it gave me the breathing room where things weren’t so tight.”
Options for Homes has just been awarded $5.4 million from the City of Toronto through the Home Ownership Assistance Program. With this support, eligible buyers can now qualify for a downpayment boost of up to 24 percent at Options’ newest development, The Humber.
CONDO LIFE – Childhood friends Shannon MacCauley and Cassie MacKenzie have reached a significant milestone together at The Humber: home ownership.
NEXT HOME – Cheyenne and partner Julius made their home ownership dreams a reality when they purchased a condo at The Humber.
Thirty-something working professionals with an infant, this couple felt as though home ownership in Toronto was no longer possible for people like them.
One of Toronto’s great urban waterways, the Humber River is a lush ribbon that bisects the concrete jungle. Strolling along the river’s path, it’s easy to forget that the city is bustling just a few hundred metres away.