Town of Blue Mountains and Grey County

Supporting first-time home buyers in our communities

  • Non-repayable down payment assistance loan

  • Recognized by lenders and CMHC as owner equity

  • Buy any type of home in any area of Grey County

  • Up to $400,000 purchase price

  • Additional funds for creation of secondary suites

Two down payment assistance programs

In Grey County, there are two funding programs that provide a free 5% down payment for long-term ownership in the form of a non-repayable loan.

The rules vary for each program but the general guidelines are:

  • First time home purchasers in the Town of the Blue Mountains or Grey County
  • Assets less than $100,000 (Blue Mountains) or $50,000 (Grey County)
  • Maximum household income of $100,000 (Blue Mountains) or $80,000 (Grey County)
  • Purchased home will be their sole and principal residence
  • Applicants can quaify for a mortgage without a co-signor

The loan is recognized as equity, or a cash down payment equivalent, by CMHC and lenders. The programs are available every year starting April 1 and continue until spent.

Secondary suites grant program

This program is offered by the Town of Blue Mountains to assist local homeowners with the costs to create a secondary rental suite in their primary residence. A maximum of 10% of the renovation cost is allowed to a maximum of $5000. Here are some of the terms and conditions:

  • Applicant must be 18 years of age or older
  • Property must be in the Town of The Blue Mountains
  • Property taxes must be up-to-date
  • Creation of the secondary suite must comply with all municipal/building regulations
  • Applicant must be the owner of a single detached, semi-detached or townhouse dwelling on serviced property, or a detached building accessory to any of these dwelling types
  • For an applicant on a rural property, an accessory apartment is permitted within a detached structure or accessory detached building

To apply, visit The Blue Mountains Attainable Housing Corporation website.

Questions? Please feel welcome to contact me any time. I have experience with these programs and would like to help you find your first home.

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Town of Blue Mountains free 5% down payment for first-time buyers
Free 5% down payment assistance for Blue Mountains and Grey County real estate purchases