Options For Homes is Canada’s largest developer working exclusively on making homeownership more affordable. Operating for over 25 years, we develop high-quality condos in the GTA with our building partner Deltera (of the Tridel Group of Companies).
When you purchase a condo in a brand new Options For Homes building, you only have to put down 5%. Your down payment is then by 10% to 15% with a down payment loan, available through our funding partner.
For a limited time, a 25% down payment loan is available on 2- and 3-bedroom suites for qualifying purchasers. Read on for more details.
Our award-winning model allows you to access a down payment loan that is payment-free until you sell or move. This model boosts 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 sell or move out of your condo, or when you pay your primary mortgage in full, 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.
If you have children and an income up to $127,000, you may receive a down payment loan of up to 25% of your purchase price at The Humber. No payments are due on the down payment loan until you sell or pay off your mortgage.
Subject to eligibility and availability.
Since 1994, Options has created homes for over 3,000 people.
Here are three highlights from our 13 completed communities.
BATHURST & LAWRENCE
Located at 35 Saranac Blvd. in the heart of one of Toronto’s oldest neighbourhoods, Cranbrooke Village included suites from bachelor to 3-bedroom. The area is well served by public transit and is a 2-minute walk to the Lawrence Plaza.
Located at 60-61 Heintzman St. in the heart of Toronto’s transit-rich Junction neighbourhood, Heintzman Place is surrounded by shops and restaurants, and is a 15-minute walk from High Park and Keele Subway Station. This is Options’ largest development with 643 suites in two towers.
One of Options’ first developments is located in Toronto’s Historic Distillery District. The 3-phased development includes the Mill Street, St. Lawrence and Parliament Square condominiums.