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  • Writer's pictureJose Gustavo Salcedo

Welcome Home Niagara Home Ownership Program: Making Homeownership a Reality


Welcome Home Niagara Home Ownership Program: Making Homeownership a Reality

Owning a home is a dream for many, and the Welcome Home Niagara Home Ownership Program is here to turn that dream into reality. This program is designed to assist eligible individuals and families in the Niagara Region in achieving homeownership by providing financial support and guidance. If you're considering applying, let's break down the key points to make sure you're on the right track.


Applicant Eligibility Criteria:

Before diving into the application process, ensure that you meet the following criteria:

  1. Age Requirement: Applicants must be over the age of 18.

  2. Residency Status: Be a Canadian Citizen, Landed Immigrant, or have Refugee Claimant Status with no outstanding removal order.

  3. Rental History: Have been renting in the Niagara region for at least the last six months as a "Renter Household" (applicants paying room and board or living with family or friends are not eligible).

  4. Income Limits: Have a gross annual household income below $95,000 for a one-person household and below $113,000 for a household with more than one person.

  5. Financial Stability: Qualify for a mortgage from a federally recognized bank or financial institution and provide verification.

  6. Asset Limit: Have personal assets of less than $30,000, including RRSPs and any gifted amounts from family or friends.

  7. Leave Status: Disclose if on a temporary leave returning to full-time work (e.g., Maternity Leave).

  8. Closing Costs: Be able to cover all closing costs and legal fees associated with purchasing a home.

  9. Homeownership Status: Not currently own a home or property, intending for the purchased home to be their sole and principal residence.

  10. Documentation: Submit a completed application with all required documents; incomplete applications will not be reviewed.

Household Eligibility Criteria:

If you meet the applicant criteria, let's move on to the household requirements:


  1. Location: The household must be located in the Niagara Region.

  2. Home Type: The home may be new or resale, but it must be modest in size and features.

  3. Purchase Price Limit: The purchase price of the home must not exceed $667,748 (subject to change as per updates from the Ministry of Municipal Affairs and Housing).

  4. Property Type: Homes must be single residential units, including detached, semi-detached, condominiums, townhouses, or row houses. Mobile homes and multi-residential properties such as duplexes and triplexes are not eligible.

  5. Ownership Interest: The home cannot be one in which the buyer or any member of the buyer's family has ownership interest.

  6. Timeline: The Agreement of Purchase and Sale must be dated after the approval and Conditional Letter of Commitment from Niagara Region Housing Services.


Important Note:

It's crucial to be aware that there is a limited number of households that can be served with the available funding. Additionally, some of the funding will be designated for applicants currently living in Social Housing.

The Welcome Home Niagara Home Ownership Program is an excellent opportunity for eligible individuals and families to make homeownership a reality. Make sure to carefully review the criteria and gather all necessary documents before completing your application. If you have any questions, reach out to Niagara Region Housing Services for assistance. Let's turn the key to your new home together!


Adapted by Jose Gustavo





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