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## Action
### URL
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HTMLText_7DB2E382_7065_343F_41C2_951F708170F1_mobile.html = For More Information Contact:
Michael Touriny
VIVID
at the yates
845 Johnson St
Victoria, BC
Live Life Downtown.
VIVID at the Yates, is an extraordinary opportunity under HousingHub’s Affordable Home Ownership Program to put deserving, qualified Middle-Income purchasers into downtown, steel, and concrete homes, affordably.
Here’s how it works:
From your own resources, you will provide a 5% down payment (of the market list price), HousingHub will put down an additional 15% (of the market list price) so that your 1 st mortgage won’t exceed 80% of the listing price. That way you won’t have to pay insurance on an otherwise “High ratio Mortgage”, which means lower, more affordable monthly payments and lower income requirements. As these homes are “near” new, the GST as already been paid, reducing your purchase price, and payments even further.
The 15% is made available to you by way of the ’AHOP’ second mortgage which is interest and payment free for up to the 25-year life of the mortgage, or until you sell.
If you sell, 15% (of the current value of your home) is paid back to HousingHub. (Minimum 5 years)
Qualifications*:
*All purchasers are subject to qualification by BC Housing Applicant Services
If you…
• Are a Canadian Citizen or Permanent Resident
• Have lived in BC for the past twelve months
• Currently do not own an interest in a residential property anywhere in the world
• Plan on living in the home as your sole and principal residence for at least five years (no rentals)
• Have a household income (combined, worldwide) that is less than $ 126,050 for a unit with fewer than two bedrooms, or less than $173,700 for two-bedroom units
You may be eligible to enjoy a home that features:
• CHARD built, steel and concrete construction.
• Balance of 2-5-10 warranty.
• City and/or ocean views.
• Rooftop social area c/w BBQs, fire pit, child play area, community garden and dog run.
• Secure, underground parking (some units)
• Visitor parking
• Dog wash facility
• Bicycle storage
• Secure Fobbed access to each floor
• Slick, bright interiors with lots of glass, Stainless steel kitchen appliances, stacking washers and dryers, and Quartz kitchen and bathroom counter tops, in one bedroom, one bedroom and den, or two bedroom floor plans.
Live Life Downtown.
VIVID at the Yates, is an extraordinary opportunity under HousingHub’s Affordable Home Ownership Program to put deserving, qualified Middle-Income purchasers into downtown, steel, and concrete homes, affordably.
Here’s how it works:
From your own resources, you will provide a 5% down payment, and Housing Hub will help you with additional 15% so that your 1st mortgage wont exceed 80% of the purchase price. That way you won’t have to pay insurance on an otherwise “High ratio Mortgage”, which means lower, more affordable monthly payments and lower income requirements. As these homes are “near” new, the GST has already been paid, reducing your purchase price, and payments even further.
The 15% is made available to you by way of the ’AHOP’ second mortgage which is interest and payment free for up to the 25-year life of the mortgage, or until you sell.
If you sell, 15% (of the current value of your home) is paid back to HousingHub. (Minimum 5 years)
Qualifications*:
*All purchasers are subject to qualification by BC Housing Applicant Services
If you…
• Are a Canadian Citizen or Permanent Resident
• Have lived in BC for the past twelve months
• Currently do not own an interest in a residential property anywhere in the world
• Plan on living in the home as your sole and principal residence for at least five years (no rentals)
• Have a household income (combined, worldwide) that is less than $ 116,330 for a unit with fewer than two bedrooms, or less than $ 163,220 for two bedroom units
You may be eligible to enjoy a home that features:
• CHARD built, steel and concrete construction.
• Balance of 2-5-10 warranty.
• City and/or ocean views.
• Rooftop social area c/w BBQs, fire pit, child play area, community garden and dog run.
• Secure, underground parking (some units)
• Visitor parking
• Dog wash facility
• Bicycle storage
• Secure Fobbed access to each floor
• Slick, bright interiors with lots of glass, Stainless steel kitchen appliances, stacking washers and dryers, and Quartz kitchen and bathroom counter tops, in one bedroom, one bedroom and den, or two bedroom floor plans.
VIVID
at the yates
845 Johnson St
Victoria, BC