The Housing Affordability Gap in Canada Is Growing
A new report from CPA Canada has confirmed what many aspiring homeowners already know: saving for a down payment is the biggest barrier to entering the real estate market.
Key findings from the CPA report include:
- 32% of non-homeowners say saving for a down payment is the main reason they haven’t purchased a home.
- 30% cite the cost of homes as another major obstacle.
- On average, it takes Canadians 4.2 years to save a down payment.
- 30% of homeowners receive financial gifts averaging $77,487 to help buy their first home.
As home prices continue to climb and inflation eats into savings, many first-time buyers are being priced out — not because they can’t afford a mortgage, but because they can’t afford the upfront costs. That’s exactly what Ironstone Building Company is tackling with its innovative new solution.
What Is the Ironstone Home Start Program?
Home Start is Ironstone’s vendor take-back program that provides first-time home buyers with a $100,000 interest-free deposit deferral for up to 10 years, or until the home is sold — whichever comes first. This means you can move into your new Ironstone home with significantly less cash up front.
And it gets even better…
If you purchase another Ironstone home within 5 years, 25% of the deferred amount is forgiven — a potential savings of $25,000.
🏡 Home Start Program Highlights
✅ $100,000 Deposit Deferral
✅ 0% Interest for 10 Years
✅ No Transaction Costs
✅ 25% Forgiveness if you buy another Ironstone home within 5 years
How the Home Start Program Works
Step 1: You qualify as a first-time home buyer.
Step 2: Ironstone defers $100,000 of your deposit through a vendor takeback position.
Step 3: You repay the $100,000 after 10 years or when you sell — whichever comes first.
Bonus: Buy another Ironstone home within 5 years and repay only $75,000.
This allows you to start building equity now without the burden of a massive upfront deposit.
Who’s Eligible?
To take advantage of Home Start, you must:
- Be a first-time home buyer
- Be purchasing a new Ironstone home
- Participate within the 90-day promotional window
Why Home Start Matters for First-Time Buyers
With traditional mortgages requiring 5–20% down, many Canadians are stuck renting longer than they want. Home Start helps bridge that gap by allowing you to:
- Reduce your upfront financial stress
- Enter the housing market sooner
- Avoid high-interest borrowing costs
- Save money by staying within the Ironstone family
It’s a win-win for families looking to plant long-term roots in their community.
Pair It With Rent. Save. Own. or Flex Haus for Maximum Value
Home Start is flexible and can be combined with other Ironstone programs:
- Rent. Save. Own.: Rent with Drewlo Holdings and earn monthly credits (up to $15,000) toward your new Ironstone home.
- Flex Haus: Innovative homes with private basement suites designed for multigenerational living or rental income.
Hear What Homeowners Are Saying
“Thanks to the Rent.Save.Own. program, I saved $10,000 off my first Ironstone home. The new Home Start program would’ve made it even easier!” – Sally, Ironstone Homeowner
“Ironstone’s homes are modern, well-constructed, and energy-efficient. I’m thrilled with the space and quality. It’s my first home, and I couldn’t be happier.” – Jimmy, Ironstone Homeowner
Explore Ironstone Communities
Ironstone homes are available across Southwestern Ontario in vibrant communities like:
- The Grove
- Jackson Meadows
- Summerside Trail
- Evans Glen
Whether you’re looking for townhomes, single-family homes, or Flex Haus living, there’s something for everyone.
Take Advantage of Home Start Today
This limited-time opportunity is only available for 90 days. If you’re a first-time buyer looking to enter the market, there’s never been a better time to explore Ironstone’s Home Start program.
📞 Contact Our Sales Team:
Lidia Miu – 519-572-1374 | [email protected]
Erica Killeen – 519-619-9915 | [email protected]
💬 Libro’s Home Financing Team:
519-520-6747 | [email protected]