It's aimed at those who have good credit and can afford the monthly payments, but can't save enough capital for a down payment.
Posted: Apr. 12, 2023 7:05PMJust off Westshore Parkway next to Langford Lake, a row of townhomes are being built. But with high-interest rates and inflation slowing sales, one development company is getting creative.
No, it’s not rent-to-own, Liberty Ridge Homes are offering deposit-to-own for those who can afford the mortgage payments but don’t have the capital for a big down payment. “I think we’re the only ones that are doing it because other people feel that it’s beyond their comfort zone but we believe in our buyers and we believe in our market,” said Weldon.Sign up for our newsletter to get breaking news and daily digests sent to your email.And while profit may not be high, the development company and its parent company are willing to bet in a cooling market the deposit-to-own program will move units.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sooke school chair Ravi Parmar eyes NDP seat in Langford-Juan de FucaPolitical aide is first to declare he is seeking NDP nomination in John Horgan\u0027s former seat
Read more »
Dynamite, drugs seized as police arrest suspected traffickers in Victoria, LangfordThree men and one woman in British Columbia's capital region could face drug-trafficking and weapons charges after Mounties seized a stash of contraband, including a brick of cocaine and a stick of dynamite.
Read more »
New Langford to downtown RapidBus route to have more serviceA new RapidBus service is replacing the 50 route from Langford to downtown Victoria and will have more service and fewer stops, according to BC Transit.
Read more »
Claim a Canadian energy company was target of Russian cyberattack highlights our vulnerability, but could just be fakeAccording to a trove of leaked Pentagon documents, Russian-based cyber actors compromised an internet protocol address, a unique network address for a computer, claiming to have caused “sufficient damage.”
Read more »
Ultra-luxury $24 million mansion hits market in Toronto's Bridle Path areaAn enormous Toronto mansion is just one of the latest must-see properties to hit the city's luxury real estate market, providing an exclusive look ...
Read more »
New Langford to downtown RapidBus route to have more serviceA new RapidBus service is replacing the 50 route from Langford to downtown Victoria and will have more service and fewer stops, according to BC Transit.
Read more »