PAH Own Program - Eligibility Criteria

Get on the list to buy a PAH home as they become available.

Eligibility Criteria at a Glance

1. Are you a Canadian Citizen or Permanent Resident?

2. Does one of the following three employment/residency categories apply to your circumstances?

  • Canmore Permanent Employee: working or contracted to work a minimum average of 30 hours per week in Canmore for a Canmore licenced business for a minimum of six months.
  • Canmore Employment & Residency: a Canmore resident for the past year AND currently employed (20+ hrs/week) OR self-employed in Canmore for at least six months OR a retiree with at least 5 years of Canmore work experience in the 10 years prior to retirement.
  • LongTerm Canmore Resident: Long-term Canmore resident, currently residing in Canmore and have been a resident for at least 5 cumulative years within the last 10 years.

3. Was your gross household income $133,700 or less in the previous tax year as reported on Line 150 of your CRA Tax Notice of Assessment?

4. Are your net household assets less than $131,535, not including registered retirement and education savings plans, registered retirement income fund and pension plans?

If you answered "yes" to each of the questions above, then you likely meet the eligibility criteria to purchase PAH, pending availability of homes and your ability to qualify for mortgage financing.

 

What else do I need to know?

Buying a home is one of the biggest financial and lifestyle decisions you will make. Be sure that you are prepared and fully informed.

Check out these forms & resources

 

Other Affordable Housing Programs:

Mountain Haven Cooperative Housing located in Three Sisters Mountain Village (beside Coyote Ridge) Visit www.mountainhavencoop.comPLEASE NOTE: Mountain Haven Cooperative Housing  is not currently accepting new members.