tel: 306.536.6545

Agent Photo

»Serving Your Regina Real Estate Needs

First Time Home Buyer Incentive Program

Mon, 20 Jan by Pauline Relkey

Have you heard about this program that just started in September 2019?

First time home buyers who have 5% down payment can apply for this program and get another 5 or 10% as a shared equity mortgage. Existing homes = 5% and newly constructed home = 5 or 10%.

This helps first time home buyers to reduce their monthly mortgage payment without increasing the amount that they must save for a down payment. No on-going repayments are required, this incentive is not interest bearing and you can repay the incentive any time without a penalty. This shared equity mortgage means that the federal government shares in both the upside and downside of the property value.

Your total income must be $120,000 per year or less. The property must be located in Canada and suitable and available for full time year round occupancy.

The homeowner repays the incentive amount after 25 years or when the property is sold, whichever is earlier. The property value determines what you get and what you pay back. Example if you are buying a $300,000 resale property and have your 5% down payment of $15,000 and you qualify for this incentive, you can get another $15,000 from the federal government to put towards your purchase. When you go to repay this amount, it will be based on the value of your property at that time, either in 25 years or earlier if you are selling the property. If the property is then worth $350,000 you will pay back 5% of the amount ($17,500). If the value is down and the property is worth $250,000 you will pay back 5% ($12,500).

There are qualifying factors to this program. Give me a call if you or someone you know could take advantage of this program.

Apply for a $5000 Grant

Fri, 23 Feb by Pauline Relkey

The Mission of the Association of Saskatchewan REALTORS® (ASR) Quality of Life Program is to demonstrate REALTOR® care and commitment to all communities in Saskatchewan.
The ASR Quality of Life Legacy Grant Program supports that mission by awarding $5,000 grants each year to one charitable organization in each of six regions in the province:
• Region 1: Saskatoon & area;
• Region 2: Regina & area;
• Region 3: Moose Jaw / Swift Current & area;
• Region 4: Estevan / Weyburn & South East area;
• Region 5: Lloydminster / North Battleford & North West area;
• Region 6: Prince Albert / Melfort & North / North East area.
Applications are currently being sought from registered charitable organizations that support the following activities that align with the ASR Quality of Life principles and priorities, as follows:
• support shelter-related services in our communities
• enhance environmental sustainability, protection and conservation of natural areas
• promote safer neighbourhoods and improved community services
• enhance and promote community development and better opportunities for “at risk” populations
• support populations and disadvantaged citizens

DEADLINE IS MARCH 18, 2018

Click here for all the info and application form.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Association of Saskatchewan REALTORS®. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.