Closing Cost Support Program

Provided by: Government of Prince Edward Island - Department of Housing, Land and Communities
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Service Description

Helps to cover a portion of the closing cost on first home purchase of eligible individuals who live in Epekwitk / PEI. Eligible applicants can apply to receive a contribution of up to $2,500 to support the closing costs of the purchase.

Information

Eligibility:
Applicants must meet all of the following conditions:
-At least one of the applicants is a citizen or permanent resident of Canada and the Applicant is a resident of PEI
-The Applicant is a first-time home buyer (as defined by the Real Property Transfer Tax Act)
-The total annual household income must be $100,000 or less in based on line 15000 from the Canada Revenue Agency "Notice of Assessment"
-The property being purchased is in PEI, must be owner-occupied, and constitutes the applicant's principal residence as a single-family dwelling, with no portion of the dwelling being rented out
Fees:
No fees to apply
How to Access:
Apply online
Documents Required:
A Notice of Assessment from the Canada Revenue Agency for the previous taxation year as a proof of income
Program Email:
fairving@gov.pe.ca
Program Phone Numbers:
Language:
English
Website:
https://www.princeedwardisland.ca/en/information/housing-land-and-communiti(...)
Coverage Area:
Epekwitk / Prince Edward Island

Service Locations & Contact Info