It is possible.

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, we offer a high-quality condo with the lowest possible maintenance fees and a Down Payment Loan worth up to $100,000 at our newest development – The Humber!

Who is Options?

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.

What does Options do?

Options develops high quality condos with our building partner Deltera (of the Tridel Group of Companies). 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.

I can afford this without a crushing amount of debt on one person’s salary.

— Melanie

Up to
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down payment support
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people supported from our pay-it-forward model
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homes built to date
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year partnership with Deltera delivering quality homes
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now under development

How does Options help?

We give a hand-up, not a hand-out.

Our award-winning model offers you a Down Payment Loan that is payment-free until you sell or move. We 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 to further boost your down payment if you’re a first-time buyer.

  • Down Payment Loan FAQs
      • 1. WHO CAN GET THE OPTIONS DOWN PAYMENT LOAN?
        • The Options 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.  

      • 2. HOW DOES THE OPTIONS DOWN PAYMENT LOAN WORK?
        • 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 repaid loans go into a “pay-it-forward” fund, which is used to provide seed funding for communities that make home ownership possible for even more families and individuals. The Options Down Payment Loan is a second mortgage issued through our funding partner, Home Ownership Alternatives (HOA).

      • 3. DO YOU PROVIDE THE DOWN PAYMENT LOAN FOR OTHER DEVELOPMENTS BESIDES YOUR OWN?
        • No. We only offer the Down Payment Loan for Options for Homes developments.

I am so happy to be able to provide a home for my children and put down roots and start new memories.

— Cheryl

Developments

  • The Village by Main Station

    Toronto, ON

    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
  • Danforth Village Estates

    Toronto, ON

    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
  • Cranbrooke Village

    Toronto, ON

    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
  • Heintzman Place

    Toronto, ON

    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
  • Old Kennedy Village

    Markham, ON

    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

    Scarborough, ON

    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
  • Liberty at Discovery Place

    Pickering, ON

    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
  • Shermount

    Toronto, ON

    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
  • The Distillery District

    Toronto, ON

    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
  • Weston Village

    Toronto, ON

    Weston Village is a 42-unit townhouse condominium development at 244 Rosemount Avenue near Weston Road and Lawrence Avenue West in Toronto.

    Find out more
  • The Humber

    Lawrence and Weston

    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, we'll lend you 10% to 15% of the purchase price towards your down payment with the innovative Options Down Payment Loan. 

    Find out more
  • Jasper Condos

    Milton, ON

    Move-ins have begun! If you’re looking for someplace to call home, this is it! Located at 716 Main Street East, Jasper condos features sweeping escaprment views and is being built by VanMar. 

    Find out more
  • Scarborough, ON

    Pre-development

    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
  • Future Options Condos

    Pre-Development

    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

When we moved in, it was already a community.

— Rose

Priority Access

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.

REGISTER NOW FOR DUNELM ST. AND MARKHAM RD.

Discover Options in your inbox!

Sign up for our newsletter to be notified about new Options condos and keep up with all our other developments.

 

Contact Us

We’re here to help you become a homeowner 10 years sooner.

416-867-1501
[email protected]

 

General Enquiries

[email protected]
Tel: 416-867-1501
Fax: 416-867-1743

468 Queen Street East
Suite 310 P.O. Box 28
Toronto, ON, M5A 1T7

Homeowner Support

Client Success
[email protected]
Tel: 416-867-1501, in the main menu press 2.

Sales and Priority Access
Member Support

Kasia Mirecka
[email protected]
Tel: 416-867-1501 x 229

Media, Sales Agent
and Partner Support

Quinn Samardzic
[email protected]
Tel: 416-867-1501 x 225

Marketing Enquiries

Quinn Samardzic
[email protected]
Tel: 416-867-1501 x 225

My daughter now has a room of her own.

— Jim