A Manitoba town launched a housing initiative allowing buyers to own homes with a down payment of just 1% of the property's value, easing entry for first-time buyers amid rising prices and borrowing costs. The shared financing model involves developers or local authorities covering most of the down payment. Targeting low- and middle-income families, the program requires buyers to reside in the home and not use it for investment. This approach reflects a shift toward flexible ownership models addressing affordability challenges.
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