Go to Main Content

Faculty & Staff Housing Loan Program

** We regret to advise that effective September 1, 2020, the Faculty and Staff Housing loan Program has been cancelled. **

Due to recent Government assessments on Canadian banking transactions, the benefit offered by this program was eliminated as the bank advised that the loan guaranteed by the University could no longer be treated as a down payment from the employee. University faculty, librarians and staff would therefore no longer be able to use this program to reduce the cost of the CMHC mortgage loan insurance, which was the key advantage of the program.