The popular ecoENERGY Retrofit program was set to end on June 6, 2011 but has been extended to March 31st, 2012. Successful applicants will receive grants to invest in the energy efficiency of their homes. This can mean reductions in energy bills of up to 20 percent of your current electricity bill. This article will discuss the details of this grant and explain how it benefits homeowners, as well as describe how you can apply for this grant. This will not reduce your mortgage payments but it may reduce your utility bills which, in the end, amounts to the same thing.
This is a preview of
Canada Housing Assistance ecoENERGY Retrofit Grants
.
Read the full post (401 words, 1 image, estimated 1:36 mins reading time)
Canada residents who don’t want to buy a house, can’t afford a mortgage or don’t have the credit rating required for a mortgage application approval have a different option. Welcome to Co-operative housing, or as they are also known “co-ops”. Think it sounds strange, maybe a little risky? Well, granted, the term “co-ops” or co-operative housing is not a marketing bomb and it does have the ring of a soviet work colony. However, cooperative housing is a successful, tried and tested housing option with over 2,000 housing co-ops owned by over 111,000 members, which represent assets of over $5.6 billion.
This is a preview of
Canadian Housing Options: Co-Operatives an Affordable and Secure Alternative to a Mortgage
.
Read the full post (409 words, 1 image, estimated 1:38 mins reading time)
As of July 2011 the Canada and Ontario governments have assigned $301 million each, which brings the total funds committed to the program after adding other funding sources to $734 million. The program is designed to provide assistance to approximately 20,000 households in Ontario alone. This assistance has been made available to all regions, although it does focus on households with a moderate- to low-income who are currently renting. The purpose of the program is to assist households who are currently renting and have the income to afford a mortgage, but cannot buy a new home because they lack the savings to afford a down payment.
This is a preview of
Canada-Ontario Down Payment Loan Program: Eligibility Requirements
.
Read the full post (362 words, 1 image, estimated 1:27 mins reading time)