Attainable Homes Calgary Corporation has reached a milestone with its 500th sale.
It has also acquired a building at 51 Oak by Truman Homes in the southeast lake community, Mahogany, where qualifying Calgarians can buy a brand new one- or two-bedroom apartment condo at 51 Oak with a deposit as low as $2,000 and a minimum mortgage amount of $201,400.
AHCC is a non-profit organization and wholly owned subsidiary of the City of Calgary that assists working Calgarians with moderate incomes achieve home ownership.
The organization helps people who can afford homeownership but struggle to save enough money for a down payment. Demand for attainable homes has been strong as rental vacancy rates remain low and home prices continue to rise. According to the CREB, the average MLS sale price of a condo apartment in the city was $326,264 in September, up 9.21 per cent from last year while it rose by 4.21 per cent to $352,813 for a condo townhouse.