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PURCHASE POWER

DEPOSIT GUARANTEE

A low cost alternative to cash deposits when buying your new home

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Get Approved

Buyers can apply through their real estate agent or by contacting our Purchase Power Team. 

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Deposit Guarantee

When approved, a deposit guarantee is issued to the Buyer to provide the Seller up to 20% of the purchase price.

Purchase Power Deposit Guarantee

Affordable Deposit Guarantee fees for your purchase timeline

Time until closing date

3 MONTHS

Amount covered by Purchase Power

$100,000

Purchase Power fee*

$3,000

*plus applicable taxes

Time until closing date

12 MONTHS

Amount covered by Purchase Power

$100,000

Purchase Power fee*

$5,500

*plus applicable taxes

Time until closing date

48 MONTHS

Amount covered by Purchase Power

$100,000

Purchase Power fee*

$7,000

*plus applicable taxes

The Purchase Power Team is ready to hear from you! Contact us!

Making Real Estate Better!

Buying a House

PURCHASE POWER

DEPOSIT GUARANTEE

When you pay 5% of your deposit in cash and are required to place a larger deposit, Purchase Power Deposit Guarantees can be issued for part of the additional deposit amount required, up to 20% of the purchase price. The Deposit Guarantee acts as a substitute for the cash deposit required by the Buyer of a residential property when signing an Agreement of Purchase and Sale. You can purchase pre-construction new build and resale residential homes with closing dates up to 48 months. Home Owners and First-time home buyers are able to obtain a Purchase Power Deposit Guarantee.

YOUR NEW HOME AWAITS!  

Purchase Power Deposit
Guarantee Brochure
Download (7.2 mb)
Sample Purchase Power 
Guarantee Certificate 
Download (0.2 mb)
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