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Masoud Behbahani
Sales Representative

Kingsway Real Estate

151 City Centre Dr. #300, Mississauga, ON L5B 1M7

Phone: 905-268-1000  Mobile: 416-579-1860  Fax: 905-277-0020


The Down Payment Loan

The down payment assistance will be up to $15,000.

Repaying the Loan

The down payment loan is for a 20-year period and no interest is charged if:

  • The home remains the sole and principal residence of the owner. The home is not to be rented, leased or sold in the 20-year period.The home ceases to become the sole and principal residence of the owner.
    • On the 20th anniversary date of the agreement, the loan is automatically forgiven provided there has been no default.
  • The home is sold before the 20-year affordability period.

Repayment of the loan is required when:

If during the 20 year affordability period, the property is resold, transferred, or otherwise disposed, and an appreciation in value is incurred, the purchaser will be required to pay back to the Region of Peel the loan and 5% of the appreciation.

If the home is sold for less than the original purchase price, the owner does not pay appreciation and the principal is forgiven (the sale must be at fair market value and must be an arm's length transaction).

Other Costs for the Purchaser

The purchaser is expected to pay the following:

  • Closing costs
  • Inspection of the home prior to firm offer of purchase and sale
  • Lawyer's fees
  • Land Transfer Tax

What is Needed to Qualify for the Home in Peel Program?

Interested applicants must complete the application form and provide all supporting
documentation and return it to the Region of Peel.

As funding for this program is limited, participants are selected on a first-come, first-serve
basis. Once an application is received, a letter confirming eligibility will be sent within 15
business days. There is no wait list for this program; once all funding has been allocated, all
remaining applicants will be notified by letter that the program has ended:

What is the Affordable Home Ownership Program?

The Region of Peel's Home in Peel Affordable Ownership Program is designed to provide low-
to-moderate income residents who are currently renting a unit with the opportunity to qualify for
down payment loan assistance.

This program will assist eligible applicants who have a total gross (pre-tax) household income of
$80,000 or less to purchase a home in the Region of Peel (Brampton, Caledon or Mississauga)
that does not exceed a purchase price of $280,000.

Participant Eligibility

  • Applicants must be 18 years of age or older
  • Applicants must not own or have an interest in another residential property inCanadaor


  • The home must be the sole and principal residence of the purchaser
  • The applicant must currently be renting and looking to buy a sole and principal residence
  • The applicant must have a total gross (pre-tax) household income not exceeding $80,000
    • The applicant must be able to obtain a mortgage pre-approval from a Canada Mortgage
      and Housing Corporation (CMHC) approved and insured lender and must submit it with
      their application
    • Participants may not include anticipated rental income from a portion of the property in
      order to obtain a mortgage
  • The applicant must be able to pay all additional closing costs
    • The applicant must supply all necessary documentation to the Region of Peel

Eligible Homes

Due to unpredictability of closing dates, new homes will not be eligible for purchase under the Home in Peel program.

Participants may purchase:

  • resale detached homes
  • semi-detached
  • row homes
  • town (condominium or freehold) stacked homes
  • high-rise condominium units

Duplex, triplex or mobile homes do not qualify as eligible homes under the Home in Peel program.

For a home to be eligible, it must be modest in size relative to the community, in terms of floor area and amenities, as determined by the province or the service manager.

The maximum house price for program participants in the Region of Peel is $280,000.


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Please do not hesitate to contact me at any time if you have any question

Masoud Behbahani

Brampton, Mississauga, Milton, Georgetown, Caledon, Halton Hills, MLS, house plans, real estate, realestate, real estate listings, homes for sale, homes, house, mls, home improvement, houses, houses for rent, houses for sale, home for sale, multiple listing service, home loans, new homes, mls listings, property, properties, home mortgage calculator, multiple listing real estate, houses for sale listings, home mortgage rates, mls online, recent home sales, home sales, real estate for sale, property for sale, mls real estates listings, property values, real estate investment, first time home buyer programs, first time home buyers grants



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