Income Loan: Moderate Income

Home Ownership Dept: On Monday, council approved a plan to spend $3 million to help 250 families over five years to raise down payments so they can get mortgages, according to CBC. It's designed to help people buy "entry-level" homes in the city, in the price range of $180,000 to $280,000 and the City of Saskatoon is going to start financing loans for "moderate income" renters who want to make the jump to home ownership. Under the plan, individuals earning between $44,500 and $70,000 or families earning between $52,000 and $70,000 can apply to get a low-income loan for a five per cent down payment. As reported in the news.
@t city of saskatoon, income renters