Affordable Home Ownership

Note: The information on this page may change from time to time as we receive updates from the Ministry of Housing. Be sure to check regularly for updates.

What is the Affordable Home Ownership Program?

The Affordable Home Ownership program provides individuals and families with a loan for the down payment on a home.

If you qualify, you can receive five per cent of the purchase price of a home. The home must be:

  • Located in the Region of Waterloo
  • A maximum purchase price of $386,000
  • Approved by the Region of Waterloo

Are you eligible to apply?

To be eligible to apply, you must:

  • Qualify for a mortgage
  • Have a maximum household income of $90,500
  • Be at least 18 years old and currently renting
  • Not own or have an interest in a home
  • Not owe money to a Community Housing landlord
  • Be a legal resident of Canada
  • Intend to have this home as your one and only residence

How do I apply?

Step 1: Read the Affordable Home Ownership Program Fact Sheet (updated September 2017).

Step 2: Complete the Affordable Home Ownership Application Form. You can also call 519-575-4400 ext. 3219 to have an application package mailed or faxed to you.

Step 3: Drop off, mail, fax or email your completed application to:

Region of Waterloo, Housing Division
Attention: Affordable Home Ownership Program
20 Weber Street East, 4th Floor, Kitchener, ON N2H 1C3
Fax: 519-575-4026   Email: