Home Ownership. Application Form Financial Assistance for First-Time Buyers (Valid for 2008 and 2009)

Transcription

1 General information The program Home Ownership Application Form Financial Assistance for First-Time Buyers (Valid for 2008 and 2009) This program provides financial assistance to first-time buyers for the purchase of certain types of residential units in Montréal; buyers must occupy the property as their main residence. This program is funded by the government of Québec and the Ville de Montréal under the shared-cost Rénovation Québec program. Two types of first-time buyers are eligible for financial assistance: 1. The buyer who has not owned a property in Québec over the last five years and who purchases a new residential unit whose purchase price, including taxes and extras, does not exceed $180,000 for a household without children and $235,000 for a household with at least one child under 18 years of age on the date of purchase The buyer who has not owned a property in Québec over the last five years and who purchases the exclusively residential building with two to five dwellings in which he resides as a tenant; the owner-seller must not live in the building. For a building to be eligible, its property value must respect the maximum amounts prescribed by the program. These amounts can be verified at Each buyer must commit to remain owner and occupant of the unit for at least three consecutive years from the date of purchase and to comply with all program requirements. For this purpose, a sample document will be sent directly to the notary of the applicant s choice once the financial assistance is approved, to record this commitment in the land register. What is the procedure to apply? To apply for financial assistance, you must: 1 Check if you meet the eligibility criteria listed at the beginning of either part 2 or 3, depending on the type of property that you are purchasing. 2 Complete all parts of this form corresponding to one of the buyer types mentioned above by following related instructions. 3 Sign the form (all the buyers listed in the deed of sale or offer-to-purchase must sign). 4 Enclose with your application all the documents listed for your buyer type, including the sections reserved for the contractor and notary, if needed. 5 Supply, if need be, a mandate authorizing one of the owners or a third party to act in the name of all the owners during the processing of the application. 6 Send the form and required documents to your borough office, Accès Montréal office or to the Direction de l habitation of the Ville de Montréal, 303, rue Notre-Dame Est, 4th floor, Montréal, Québec H2Y 3Y8. 1 For the purpose of this program, the date of purchase is the date of registration in the land register ( )

2 General information (continued) Parts to be completed If you purchased a new residential unit, complete parts 1, 2 and 4 of this form. If you purchased an existing residential building, complete parts 1, 3 and 4 of this form. Please take note that incomplete forms will be returned to applicants. Time limit to submit an application Application submitted on the basis of Time limit to submit an application Time limit to sign the deed of sale Time limit to provide required documents An offer-to-purchase As long as the program is available but no later than December 31, months following the signature of the offer-to-purchase 6 months following the signature of the deed of sale A deed of sale 6 months from the publication of the deed of sale, but no later than December 31, 2009 n/a 6 months following approval of the application To maintain the right to financial assistance To maintain the right to financial assistance, at least one of the owners must occupy as his main residence the unit or the building for which financial assistance was granted for at least three consecutive years from the date of purchase. The buyer of an existing residential building (type 2) cannot convert it into a divided co-ownership for at least three years after financial assistance has been approved, nor can there be an application for conversion being processed at the time of the application for financial assistance. If the property becomes uninhabitable after a disaster, the owner must notify the Ville de Montréal and undertake repair or reconstruction work within 12 months of the event. Owners who fail to respect these obligations will have to reimburse part or all of the financial assistance, depending on the type of property. Compliance with by-law requirements will be verified over the three-year period during which at least one of the owners must occupy the unit as his main residence. 2

3 Part 1 Identification and information This part must be completed by all applicants. Unless otherwise specified, please circle the number corresponding to your answer. Identification of the residential unit or building 1.1 Indicate the address of the residential unit for which the application is submitted No. Street Apt. Postal code Borough 1.2 Anticipated date of occupation Application type 1.3 Application submitted on the basis of: 1 An offer-to-purchase 2 A deed of sale Year Month Day Applicant identification 1.4 Fill in the name, current address and phone number of each one of the owners whose name appears on the offer-to-purchase or deed of sale of the unit or building concerned. Owner 1 Mrs. Mr. First name Last name Ms. No. Street Apt. City Province Postal code Telephone (home) Telephone (office) Owner 2 Mrs. Mr. First name Last name Ms. No. Street Apt. City Province Postal code Telephone (home) Telephone (office) 1.5 More than two owners? 1 Yes 2 No If so, write down their name and address on the addendum at the end of the form. 1.6 Question removed. 3

4 1.7 Will all the owners occupy the unit or building as their main residence? 1 Yes 2 No If not, how many will occupy it? 1.8 Before purchasing the unit or building for which the application is submitted, you, and if applicable, the second owner, were: (When there are more than two owners for a unit, use page 14 to provide the required information.) Owner 1: 1 A tenant 3 Living with your parents 2 A co-tenant Other, specify: Owner 2: 1 A tenant 3 Living with your parents 2 A co-tenant Other, specify: 1.9 Are you becoming an owner for the first time? (When there are more than two owners for a unit, use page 14 to provide the required information.) Owner 1 1 Yes 2 No Date of registration in the land register of the sale of your last property Owner 2 1 Yes 2 No Date of registration in the land register of the sale of your last property 1.10 How did you hear about the Home Ownership Program? 1 Newspapers 7 Real estate agent 2 Radio, television 8 Builder 3 Ville de Montréal promotional document 9 Seller (previous owner) 4 Ville de Montréal Web site 10 Notary 5 Borough office or Accès Montréal office Other, specify: 6 Relatives, friends Information on the occupants of the residential unit This section will help those responsible for housing programs acquire a better understanding of buyers' needs in Montréal and consequently, better adapt their initiatives to the market realities. Ville de Montréal will handle this information in the most confidential manner Sex of the respondent 1 Female 2 Male 1.12 Mother tongue of the respondent 1 French 2 English Other, specify: 1.13 How many people, including yourself, live or will be living in the unit for which the application is submitted? Adult(s) Children under 18 years of age living with you 40 % of the time or more Children under 18 years of age living with you less than 40 % of the time 1.14 How would you describe your household? 1 Person living alone 2 Couple without children 3 Couple with children... answer question Single-parent family... answer question 1.15 Other, specify: 4

5 1.15 If you answered Couple with children or Single-parent family to question 1.14, write down the number of children living with you who are: 0 to 5 years old: 13 to 17 years old: 6 to 12 years old: 18 years and over: 1.16 How old are you? Respondent Spouse Co-owner 1) Under 25 1) Under 25 2) 25 to 34 years old 2) 25 to 34 years old 3) 35 to 44 years old 3) 35 to 44 years old 4) 45 to 54 years old 4) 45 to 54 years old 5) 55 to 64 years old 5) 55 to 64 years old 6) 65 and over 6) 65 and over Were you born in Canada? Respondent 1) Yes 1) Yes Spouse Co-owner 2) No, but I have been living in Canada 2) No, but I have been living in Canada fo 5 years or less fo 5 years or less 3) No, but I have been living in Canada 3) No, but I have been living in Canada fo 6 to 10 years fo 6 to 10 years 4) No, but I have been living in Canada 4) No, but I have been living in Canada fo 11 or more fo 11 or more 1.17 What is the last level of studies that you completed? Respondent Spouse Co-owner 1) Elementary 1) Elementary 2) High school 2) High school 3) Trade-school diploma 3) Trade-school diploma 4) CEGEP or other non-university studies 4) CEGEP or other non-university studies 5) University studies without degree 5) University studies without degree 6) University studies with degree 6) University studies with degree 1.18 What is your primary occupation? Respondent Spouse Co-owner 1) Labourer 1) Labourer 2) Specialized worker 2) Specialized worker 3) Office worker 3) Office worker 4) Technician 4) Technician 5) Manager 5) Manager 6) Professional 6) Professional 7) Unemployed 7) Unemployed 8) Student 8) Student 9) Retired 9) Retired 10) Homemaker 10) Homemaker 5

6 1.19 What is the total pre-tax income of all the members of your household? (Circle only one answer.) 1 Less than $30,000 5 $50,001 to $55,000 9 $80,001 to $100,000 2 $30,000 to $40,000 6 $55,001 to $60, Over $100,000 3 $40,001 to $45,000 7 $60,001 to $70,000 4 $45,001 to $50,000 8 $70,001 to $80, Among the following, which are the three most determining factors in your decision to purchase a property at this point? (Number them from 1 to 3, 1 being the most determining.) Low interest rates The Home Ownership Program Changes in my personal or financial situation The shortage of rental housing The difficulty of finding affordable rental housing 1.21 Prior to living in the unit for which the application is submitted, where did you live? Postal code 1 Montréal, in the same borough 4 North Shore (Repentigny, Terrebonne, Boisbriand, etc.) 2 Montréal, in another borough 5 South Shore (Longueuil, Varennes, Châteauguay, etc.) 3 Laval Other, specify: 1.22 What was the most determining factor in your decision to buy a property in Montréal? 1.23 Your down payment came mainly from: (Circle only one answer.) 1 RRSP (HBP Program) 5 One-time income (inheritance, lottery) 2 Other personal savings 6 Home Ownership Program 3 Loan or gift from a relative 7 Personal loan not related to the Home Ownership Program 4 Previous sale of a property 1.24 The financial assistance you are receiving under the Home Ownership Program will mainly help you to: (Circle only one answer.) 1 Gather the minimum down payment required by lending institutions 2 Increase your down payment above the minimum amount required 3 Pay the expenses related to the purchase of your property (move, notary, transfer tax, etc.) 4 Purchase furniture, appliances, etc. Other, specify: 1.25 Which of the following statements best describes your situation? (Circle only one answer.) 1 The Home Ownership Program prompted me to buy in Montréal instead of buying off the Island of Montréal. 2 The Home Ownership Program gave me the financial leeway that I needed to buy in Montréal. 3 I would have bought in Montréal anyway. Applications concerning a new residential unit: go to Part 2 Applications concerning an existing residential building: go to Part 3 6

7 Part 2 Buyer of a new residential unit Only buyers of a new residential unit should complete this part Financial assistance eligibility conditions 1. The buyer is a physical person. 2. The buyer has not owned a property (apartment or residential construction with at least one dwelling) in Québec during the five years preceding the purchase. This five-year period is based on the dates when the sale of the previous property and the purchase of the new one were recorded in the land register. 3. The property is new and has not been occupied before it was purchased, except by the applicant and only for a maximum of 12 months prior to the purchase. 4. The purchase price including taxes and extras cannot exceed $180,000 for a household without children and $235,000 for a household with at least one child under 18 years of age on the date of purchase. 5. At least one of the applicants must commit to occupy the property as his main residence for at least three years from the date of purchase. 6. The property must be registered under a warranty program for new homes provided by a renowned association; self-builders and units that are not registered under a warranty program because of the builder's bankruptcy are subject to specific conditions. Parts to be completed To be eligible for the program, you must complete parts 1, 2 and 4 of this form. You must enclose with your completed form all the documents listed at the end of this part. Identification of the property for which an application is submitted 2.1 What type of property did you buy or will you be buying? 1 Detached or semi-detached single-family home 2 Single-family row house 3 Dwelling in a plex-type multi-dwelling building with access to dwellings directly from the street or from a common staircase 4 Dwelling in an apartment building with 6 floors or less (access to the dwelling from a common hallway) 5 Dwelling in an apartment building with 7 floors or more If you answered 3, 4 or 5 to question 2.1, on which floor is your dwelling located? 2.2 Is your dwelling a co-ownership? 1 Yes 2 No 2.3 If so, what are the monthly co-ownership fees? 1 Less than $50 4 $101 to $150 2 $50 to $75 5 $151 and up 3 $76 to $ Was this building ever used for a purpose other than residential did it house a school or a factory for instance? 1 Yes 2 No 3 I don't know 2.5 What is the floor area of your dwelling? ft 2 or m 2 7

8 2.6 Have you purchased one or more parking spaces? 1 Yes How many? Interior 2 No Exterior 2.7 How many bedrooms are there in your unit? 0 None (it is a loft) 2 Two 4 Four or more 1 One 3 Three 2.8 Which of the following statements best describes your situation? (Circle only one answer.) 1 Without the Home Ownership Program, I could not have bought a property. 2 With the Home Ownership Program, I was able to buy sooner than I expected. 3 The Home Ownership Program did not play a significant part in my decision to buy. 2.9 Without the Home Ownership Program, would you have bought a newly built property? 1 Yes 2 No 2.10 What will happen to the dwelling you occupied before buying your property? 1 A new tenant has moved in or will do so when I leave. 2 My co-tenant will stay on. 3 I was living with my parents. 4 The owner has reclaimed or will reclaim the dwelling. 5 I don't know. Other, (specify): 2.11 Is the unit you are purchasing part of the Accès Condos program from the Société d habitation et de développement de Montréal (SHDM)? 1 Yes 2 No If you answered Yes, please answer the following two questions. If you answered No, please sign the Declaration of applicant below What is your main reason for choosing an Accès Condos unit? (Cercle only one answer.) 1 Its location 2 Its quality-price ratio 3 The financial assistance from the Accès Condos program Other, (specify): 2.13 Without the combinaison of the Accès Condos program and the Home Ownership financial assistance program, would you have bought a new property in Montréal? 1 Yes 2 No Declaration of applicant and co-owners I (we) certify that the information given above is true and complete. I (we) acknowledge that any amount paid under the program, based on false or incomplete information on my (our) part, shall be paid back to the Ville de Montréal. In such an event, I (we) understand that I (we) will lose all my (our) entitlements to the program. I (we) authorize the Ville de Montréal to make any necessary verifications when reviewing this application or processing my (our) file under the terms of the program, and to demand any document that may be required for such a purpose. I (we) solemnly swear that this declaration is true and I (we) understand that it has the same value as if it were made under oath, in accordance with the Canada Evidence Act. Signature of applicant Year Month Day Signature of co-owners 8

9 Notary's declaration (to be completed only if the application is submitted on the basis of a deed of sale) I certify that the applicant(s) Name of applicant(s) purchased the building which is the subject of this application: (number of lot known and designated of the residential unit) in the amount of $ (taxes included), and, if applicable of the parking space: in the amount of $ (taxes included) and that the deed was signed before me on and registered at the Montréal Land Register division under No.. This acquisition was payed for with a cash down payment of $ and a mortgage of $. Name of notary (block letters) Signature Year Month Day Contractor's declaration Name or company name Address No. Street City Province Postal code Telephone Construction permit No. Work completion date Warranty plan 1 ACQ warranty 2 APCHQ warranty 3 Maîtres Bâtisseurs warranty Novoclimat Certificate No. of certificate issued by the Agence de l efficacité énergétique Residential unit registration No. Name of authorized representative Year Month Day Signature Please remember to complete section 4 of this form with a person empowered under the law to receive solemn declarations and to enclose the following documents when sending in the application: If the application is made on the basis of an offer to purchase Copy of the offer to purchase (signed and dated) accepted by the vendor; Solemn declaration of non-ownership (part 4); Copy of lease or other document proving that the applicant(s) was (were) not the owner(s) of the dwelling that he (they) occupied before buying the unit for which this application is made. If applicable Birth certificate of one of the children under 18 years of age issued by the Registrar of Civil Status; Mandate authorizing a person to act in the name of the applicant or all the owners of the residential unit; Copy of the document attesting that the building is certified as being conform to the Novoclimat energy efficiency program - apartment buildings and condominiums. If the application is made on the basis of a deed of sale A copy of the deed of sale; A copy of the certificate issued by the home warranty program; Copy of lease or other document proving that the applicant(s) was (were) not the owner(s) of the dwelling that he (they) occupied before buying the unit for which this application is made; Proof of occupancy of the residential unit; Solemn declaration of non-ownership (part 4). If applicable Birth certificate of one of the children under 18 years of age issued by the Registrar of Civil Status; Mandate authorizing a person to act in the name of the applicant or all the owners of the residential unit; Copy of the document attesting that the building is certified as being conform to the Novoclimat energy efficiency program - apartment buildings and condominiums. Licence for self-builder, bills proving that the unit was built by the applicant and proof of land purchase. 9

10 Part 3 Buyer of an existing residential building with two to five dwellings Only buyers of an existing residential building with two to five dwellings should complete this part Financial assistance eligibility conditions 1. The buyer is a physical person. 2. The buyer has not owned a property (apartment or residential construction with at least one dwelling) in Québec during the five years preceding the purchase. This five-year period is based on the dates when the sale of the previous property and the purchase of the new one were recorded in the land register. 3. The residential building must house two to five dwellings, including at least one rental dwelling and be exclusively residential. 4. At least one of the applicants must prove that he was a tenant in the building for at least six months prior to the date of purchase. 5. The seller must not have lived in the building during the 12 months prior to the sale. 6. The building must have been constructed or converted into a residential building for at least ten years. 7. The building must not be a divided co-ownership at the time of purchase and cannot be converted into a divided co-ownership for at least three years after financial assistance has been approved. 8. The property value cannot exceed the maximum amounts set for each type of property. (Amounts may be changed without notice; please check 9. At least one of the applicants must commit to occupy the property as his main residence for at least three years from the date of purchase. Parts to be completed To be eligible for the program, you must complete parts 1, 3 and 4 of this form. You must enclose all the documents listed at the end of this part with your completed application. Questions related to the building 3.1 Total number of dwellings in the building 3.2 Which dwelling will you be occupying as resident landlord? Unit No. 1 The dwelling I occupy as a tenant 2 A dwelling freed up by another tenant 3 A vacant dwelling 3.3 Number of above-ground floors in the building 3.4 Which statement best describes your decision to purchase a rental property? (Circle only one answer.) 1 The rents will help me finance my mortgage: for me, it's an advantageous way of becoming a homeowner. 2 For me, it's a medium-term investment. 3 This purchase will allow me to have a more comfortable retirement. 4 I purchased this property to house members of my family in the rental dwellings. 3.5 Which of the following statements best describes your situation? (Circle only one answer.) 1 Without the Home Ownership Program, I could not have bought a property. 2 With the Home Ownership Program, I was able to buy sooner than I expected. 3 The Home Ownership Program did not play a significant part in my decision to buy. 4 With the Home Ownership Program, I was able to buy a rental property instead of an individual property. 11

11 3.6 Will you be undertaking major renovation work in the next 12 months? 1 Yes 2 No Declaration of applicant and co-owners I (we) certify that the information given above is true and complete. I (we) acknowledge that any amount paid under the program, based on false or incomplete information on my (our) part, shall be paid back to the Ville de Montréal. In such an event, I (we) understand that I (we) will lose all my (our) entitlements to the program. I (we) authorize the Ville de Montréal to make any necessary verifications when reviewing this application or processing my (our) file under the terms of the program, and to demand any document that may be required for such a purpose. I (we) solemnly swear that this declaration is true and I (we) understand that it has the same value as if it were made under oath, in accordance with the Canada Evidence Act. Signature of applicant Year Month Day Signature of co-owners Please remember to complete section 4 of this form with a person empowered under the law to receive solemn declarations and to enclose the following documents when sending in the application: If the application is made on the basis If the application is made on the basis of a deed of sale of an offer to purchase Copy of the offer to purchase (signed and dated) accepted by the vendor; Solemn declaration of non-ownership (part 4); Copy of lease of the applicant(s) proving that he (they) was a (were) tenant(s) in the building for at least 6 months; Document(s) proving that the owner-vendor did not reside in the building over the previous 12 months. If applicable Mandate authorizing a person to act in the name of the applicant or all the owners of the residential unit. Copy of the deed of sale; Copy of lease of the applicant(s) proving that he (they) was a (were) tenant(s) in the building for at least 6 months; Proof of occupancy of the residential unit; Solemn declaration of non-ownership (part 4); Document(s) proving that the owner-vendor did not reside in the building over the previous 12 months. If applicable Mandate authorizing a person to act in the name of the applicant or all the owners of the residential unit. 12

12 Part 4 Solemn Declaration* I, the undersigned, Name of declarant domiciled at do solemnly declare that: 1. I am acquainted with the Ville de Montréal Home Ownership Program. 2. I am aware that the financial assistance offered under the Home Ownership Program is granted only to people who, during the last five (5) years, have not owned an apartment or a residential construction with at least one dwelling in Québec. 3. I hereby certify that I have not owned or co-owned a divided or undivided co-ownership apartment or a residential construction with at least one dwelling in Québec during the last five years. I sign in on this day of two thousand and Signature of declarant Solemnly declared before me, In on this day of two thousand and Name and address of person empowered under the law to receive solemn declarations (notary or commissioner for oaths) Signature of notary or commissioner for oaths *This declaration must be made before a person empowered under the law to receive solemn declarations. IMPORTANT: Photocopy this page as needed for all the owners of the unit for which the application is submitted. 13

13 Addendum Owners' Names When there are more than two owners for a unit, use this page to provide the required information. 1.4 (Continued) Fill in the name, current address and phone number of each one of the owners whose name appears on the offer-to-purchase or deed of sale of the unit or building concerned. Owner 3 Mrs. Mr. First name Last name Ms. No. Street Apt. City Province Postal code Telephone (home) Telephone (office) Owner 4 Mrs. Mr. First name Last name Ms. No. Street Apt. City Province Postal code Telephone (home) Telephone (office) Owner 5 Mrs. Mr. First name Last name Ms. No. Street Apt. City Province Postal code Telephone (home) Telephone (office) 1.8 (Continued) Before purchasing the unit or building for which the application is submitted, each one of you was: Owner 3: 1 A tenant 3 Living with your parents 2 A co-tenant Other, specify: Owner 4: 1 A tenant 3 Living with your parents 2 A co-tenant Other, specify: Owner 5: 1 A tenant 3 Living with your parents 2 A co-tenant Other, specify: 1.9 (Continued) Are you becoming an owner for the first time? Owner 3 1 Yes 2 No Year you sold your last property Owner 4 1 Yes 2 No Year you sold your last property Owner 5 1 Yes 2 No Year you sold your last property 14