Options contributed $11.82 million in down payment loans at Cranbrooke Village and 94 of its 341 suites were made even more affordable with addition contributions of $1.43 million from the City of Toronto and $584,000.00 from Options' sister company Home Ownership Alternatives ("HOA").
Councillor Ana Bailão hosted the event and was joined by speakers Greg Banfield, HOA's mortgage manager, Options homeowners Jason Arias and Cheryl Preminger and Options CEO Mike Labbé.
The grand opening was a great opportunity for Options CEO Mike Labbé and the Options team to acknowledge the many, many people and organizations who contribute making Options communities a reality.
Options homeowner Cheryl Preminger also spoke at the event. She said:
“One day on the subway I looked up and saw the Options ad. I called, attended an information session and realized with the additional help that I would be able to afford a home in Canada for myself and my children. We were in our condo at Cranbrooke Village less than a year later. A wish from our bucket list fulfilled!”
Cheryl's story of being an immigrant with no Canadian job, no Canadian credit and becoming a homeowner is truly inspirational. See more of Cheryl's story here:
Jason and Cheryl are just two of many Options homeowners. All with their own unique story and background. Options for Homes believes that home ownership should be available to everyone. Home ownership makes households financially stronger which in turn builds stronger cities.