Nova Scotia
Nova Scotia offers 2 unique programs:
NS 2 % Down:
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Limited only to credit unions
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A maximum of $200,000 of household income
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No default insurance (CMHC) required
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Purchase price cannot exceed $500,000 to $570,000 depending on location
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Reduces the down payment, this is not a loan.
NS 0% Down:
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Any bank or lender can offer the program
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A maximum of $145,000
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Default insurance is required
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Purchase price of $300,000 to $570,000 depending on location
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Provides a 10 year interest free down payment loan
New Brunswick
NB offers one of the most generous programs in Canada:
Buying a home:
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Up to 40% of the cost of the home in a repayable loan
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Money can be used for repairs and upgrades in addition to the down payment
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Must be a first time home buyer or live in substandard housing
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Maximum income of $40,000
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0% interest if income under $30,000
Building a home:
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Up to 50% of the cost of the home in a repayable loan
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Maximum loan of up to $75,000
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Maximum income of $40,000
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0% interest if income under $30,000
Experience that matters
Renew smart is powered by MortgageHFX TM, part of Premiere Mortgage Centre. Our principal mortgage professional has over 20 years of experience helping clients with their financial matters. James Mckeown helps countless clients each year, and has millions of dollars of mortgages under his belt.
When it comes to other financial matters, we have a team of professionals on standby. From financial planners, lawyers, immigration consultants, private bankers, and realtors, our team is ready to give you the advice you need to be your best self.
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