Accès Propriété
Accès Propriété allows all homebuyers to purchase a condo with only $5 000 in down payment whilst obtaining by Acces Propriété an additional 5% credit, which must be repaid when the condo is resold of refinanced. Build equity on your home.
Accès propriété
Become a homeowner with only 5 000 $!
| Buying a $200,000 Mont-Joli condo unit | |
|---|---|
| Sale price of the property: | $200,000 |
| 5% cash down from Accès Propriété: | $10,000 |
| Amount to be paid by buyer: | $190,000 |
| Minimum contribution from the buyer: | $5,000 |
| Financing available (upon credit approval): | $185,000 |
| 4 years later… You decide to sell your condo | |
|---|---|
| Estimated value of the condo in 4 years: | $230,000 |
| Cash advance reimbursed to Accès Propriété (5% of $230,000): | $11,500 |
| Net value to buyer 4 years later: | $218,000 |
| Amount paid by buyer upon purchase: | $190,000 |
| Potential gains with only $5,000 down payment from the buyer: | $28,500 |
Habiter Montréal
All Mont-Joli condos are eligible to Habiter Montréal’s financial assistance program. For more information and for eligibility conditions details, visit the Habiter Montréal website.
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