The Options Ready Program helps bring homeownership within reach


  • Have as little as 5% down payment

    We’ll help you access an additional 10% to 15% to increase your down payment.

  • Qualify for a mortgage

    The Options Ready Program is available to anyone able to secure a mortgage from a tier-one bank or credit union.

  • Plan to live in your condo

    No investors, please. We build condos for people who want a place to call home.

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Frequently Asked Questions

We know you have questions about how Options for Homes can help you become a homeowner. We have answers!

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  • What is Options for Homes?

    Options for Homes is Canada’s largest non-profit developer of attainable ownership housing. As a non-profit social enterprise our sole mission is to make homeownership more accessible for people who have a good income, but are having trouble building up a down payment. We do that through The Options Ready Program, which is designed to help people become confident home buyers, provide financial literacy, and access to a shared equity down payment that helps make ownership more affordable. We have been in operation since 1994 and we’ve won nine industry awards. Our 15th condo is currently under development.

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  • What qualifications are there for the Options Ready Program?

    The down payment support available through the Options Ready Program is accessible to anyone looking to purchase a condominium with Options. The only requirements for down payment support are that you can qualify for a mortgage from a primary lender (a tier-one Canadian bank or credit union), that you make the minimum down payment required to purchase at the time you sign the purchase agreement, and that you intend to live in the Options home.

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  • Can I buy an Options condominium as an investment?

    No. We build condominiums for people who are looking for a place to call home. We strongly discourage investors as our mission is to help people to become homeowners. Upon purchase, you will need to sign an affidavit stating that you will occupy the unit. If you receive down payment assistance through the Options Ready Program, you will be required to repay it if you choose to rent out your suite.

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