{"id":3166,"date":"2024-05-22T07:12:20","date_gmt":"2024-05-22T11:12:20","guid":{"rendered":"https:\/\/www.louisdesrochers.com\/?p=3166"},"modified":"2024-05-22T07:23:17","modified_gmt":"2024-05-22T11:23:17","slug":"becoming-an-owner-without-a-down-payment-myth-or-reality","status":"publish","type":"post","link":"https:\/\/www.louisdesrochers.com\/en\/becoming-an-owner-without-a-down-payment-myth-or-reality\/","title":{"rendered":"Becoming an owner without a down payment: myth or reality?"},"content":{"rendered":"
The desire to become a homeowner is strong among many Canadians, but the obstacle of making a down payment can seem insurmountable. However, \u201cNo down payment, no property\u201d is not inevitable.<\/span><\/h5>\n

 <\/p>\n

Little-known programs within your reach<\/span><\/strong><\/p>\n

It is true that in Canada, purchasing a property generally requires a minimum down payment of 5%. However, solutions exist for those who struggle to accumulate this amount. Some municipalities offer purchase assistance programs for first-time buyers, allowing them to receive a down payment subject to eligibility conditions.<\/span><\/p>\n

 <\/p>\n

Sagen: a helping hand for future owners<\/span><\/strong><\/p>\n

Sagen<\/a>, a recognized mortgage insurer, also offers a loan program specifically intended for obtaining a down payment. Although this involves additional costs, it is an option to consider when taking the step towards ownership.<\/span><\/p>\n

 <\/p>\n

CELIAPP: save intelligently<\/span><\/strong><\/p>\n

One of the best strategies for accumulating a down payment is the CELIAPP<\/a>, a tax-free savings account. With the possibility of investing up to $8,000 per year, it is a powerful tool for saving for a real estate purchase.<\/span><\/p>\n

 <\/p>\n

Conclusion: Homeownership is within your reach<\/span><\/strong><\/p>\n

Although purchasing a property with no down payment may seem difficult, it is important to find out about the assistance available. As real estate brokers, we are here to guide you through these options and help you become a homeowner, even when you think it’s out of reach. The important thing is to start learning and planning now. Homeownership is an investment in your future, and with the right tools and advice, it’s much more accessible than you think.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The desire to become a homeowner is strong among many Canadians, but the obstacle of making a down payment can seem insurmountable. However, \u201cNo down payment, no property\u201d is not inevitable.   Little-known programs within your reach It is true that in Canada, purchasing a property generally requires a minimum down payment of 5%. However, […]<\/p>\n","protected":false},"author":4,"featured_media":3165,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3166","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-non-classifiee"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/posts\/3166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/comments?post=3166"}],"version-history":[{"count":9,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/posts\/3166\/revisions"}],"predecessor-version":[{"id":3177,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/posts\/3166\/revisions\/3177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/media\/3165"}],"wp:attachment":[{"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/media?parent=3166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/categories?post=3166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.louisdesrochers.com\/en\/wp-json\/wp\/v2\/tags?post=3166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}