Non-profit housing organisation reports record numbers
A non-profit which helps people in Calgary who can afford to make mortgage payments but don’t have a large enough downpayment has seen sale numbers surge. Attainable Homes Calgary Corporation makes it possible for qualifying clients to buy a home with as little as $2,000 down and says that in 2014 sales were up by 47 per cent to 206. The organisation says that as house prices have grown more people with moderate incomes have struggled to move from renting into ownership, due to the larger downpayment required. AHCC works with builders to deliver homes at below market levels and expects to help even more families buy their own homes this year.