Closing Cost Support Program

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.

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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.
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" -Confirmation of income must be provided by way of a Notice of Assessment from the Canada Revenue Agency for the previous taxation year -Purchase price of the home may not exceed $350,000 -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 -The closing date for the property purchased occurred on or after December 1, 2023
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 * Copy of the Closing Cost Support Certification and Authorization form, completed and signed as required
Program Email:	fairving@gov.pe.ca
Language:	English
Website:	https://www.princeedwardisland.ca/en/information/housing-land-and-communities/closing-cost-support-program
Coverage Area:	Epekwitk / Prince Edward Island

Housing Services - Jones Building

Jones Building, 11 Kent Street, Charlottetown, PE C1A 7N8
Coverage Area: Epekwitk / Prince Edward Island
Accessibility: Street level * Wheelchair-level button opens main doors
October to May: Mon-Fri 8:30am-5pm
June to September: Mon-Fri 8am-4pm
housing@gov.pe.ca

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Closing Cost Support Program

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Housing Services - Jones Building

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