- Property value must be at or below the House Value Threshold which is set at $1,038,000 for 2024;
- Total household income must be at or below the Homeowner Income Threshold, set at $98,000 for 2024;
- Total household asset level must be less than $50,000 for an individual, and $75,000 for a household including savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles;
- The home must be at least five years old;
- The home cannot have been purchased with a Homeownership down payment assistance loan;
- Ontario Renovates projects must meet eligible repair project parameters.
- Property value may not exceed the House Value Threshold, set at $435,000 for 2020
- Total household income must be at or below the Homeowner Income Threshold, set at $88,200 for 2020
- Total household asset level must be less than $50,000 for an individual, and $75,000 for a household including savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles
- The home must be at least five years old
- The home cannot have been purchased with a Homeownership down payment assistance loan
- Ontario Renovates projects must meet eligible repair project parameters
- Property value may not exceed the House Value Threshold, set at $435,000 for 2020
- Total household income must be at or below the Homeowner Income Threshold, set at $88,200 for 2020
- Total household asset level must be less than $50,000 for an individual, and $75,000 for a household including savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles
- The home must be at least five years old
- The home cannot have been purchased with a Homeownership down payment assistance loan
- Ontario Renovates projects must meet eligible repair project parameters
- Property value may not exceed the House Value Threshold, set at $435,000 for 2020
- Total household income must be at or below the Homeowner Income Threshold, set at $88,200 for 2020
- Total household asset level must be less than $50,000 for an individual, and $75,000 for a household including savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles
- The home must be at least five years old
- The home cannot have been purchased with a Homeownership down payment assistance loan
- Ontario Renovates projects must meet eligible repair project parameters
- Property value may not exceed the House Value Threshold, set at $435,000 for 2020
- Total household income must be at or below the Homeowner Income Threshold, set at $88,200 for 2020
- Total household asset level must be less than $50,000 for an individual, and $75,000 for a household including savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles
- The home must be at least five years old
- The home cannot have been purchased with a Homeownership down payment assistance loan
- Ontario Renovates projects must meet eligible repair project parameters
- Property value may not exceed the House Value Threshold, set at $435,000 for 2020
- Total household income must be at or below the Homeowner Income Threshold, set at $88,200 for 2020
- Total household asset level must be less than $50,000 for an individual, and $75,000 for a household including savings, GIC's, and other financial assets (not including RRSP's or RESP's) and land or other properties, but does not include items such as vehicles
- The home must be at least five years old
- The home cannot have been purchased with a Homeownership down payment assistance loan
- Ontario Renovates projects must meet eligible repair project parameters
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Please note you must submit copies of all required documents for all applicants on the Ontario Renovates application and registered on the mortgage. If the application is missing a copy of any required documentation, the application will be deemed incomplete and will not be processed
The following documentation is required with your application:
- All persons registered on title to the property must sign the application form
- Where there is one registered owner and the spouse of this owner has a matrimonial interest in the property, both the owner and the spouse must sign the application form
- Photo ID for all persons who have signed the application
- Proof of current year gross income for all household members 18 years +
- Copies of most recent Revenue Canada Notice of Assessment form for all applicants
- Proof of total household assets - most recent monthly statements of ALL: Bank accounts, GIC's, RRSP's, etc.
- Photocopy of most recent Municipal Property Tax Assessment (MPAC Assessment) MPAC assessment for other land or other properties owned, etc.
- Proof of mortgage in good standing - letter/statement from Mortgagor(s)
- Proof of property taxes in good standing (letter/statement from Town or Municipality)
- Copy of current Home Insurance Certificate
- Accessibility Projects Only: Completed Accessibility Project Form
- Serial or registration number (for mobile homes only)
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