August 22, 2012
A new condo development in the northeast community of Bridgeland is making it easier for some Calgarians to buy a home.
That’s because you don’t need to make a down payment.
McPherson Place has an arrangement where the down payment is carried by a non-profit organization for 10 years instead of the prospective homeowner.
After the 10 years, the unit is sold at market value.
Judy Hoad, chair of INHOUSE Attainable Housing Society, said everyone deserves a home.