Development to help anyone buy a house

By Lisa Goudy, The Moose Jaw Times Herald August 21, 2013 - Moose Jaw - People who don’t think they can afford a home might be wrong. Under the CCL Mortgage Assistance Plan for the new low-income housing development, south of Warner Street just off Ninth Avenue Southwest, the townhouses have mortgage assistance to help with down payments and monthly payments.

"They still have to get their own mortgage, which we help them with, but in getting that mortgage you have to earn a certain amount to qualify,” said NewRock Developments president Cam Ens. “But because of our program, that amount that you have to earn is brought down a little bit. So where someone might not have thought they could afford it, with our program they might be able to.”

He said the Creekstone Villas development, located between Ninth Avenue and 11 Avenue behind Warner Street, is set for launching the sales for the project sometime in early September. Right now the services are being put in place and he said there have been “no hiccups or surprises at all.”

 Council approved the sale of the 10-acre parcel of land at the May 14, 2012, meeting at a cost of $496,500.

“It’s taken us a little while to get it underway, but we’re excited to get started,” said Ens. “Everything with the City of Moose Jaw went great. We’ve had no complaints. The biggest issue has just been NewRock getting the program together. That’s been the only reason for the delay.”

He said the company would break ground in September along with the launch with units completed by early 2014. The Medicine Hat-based company also has areas in Regina, Saskatoon, Red Deer and Medicine Hat.

The Moose Jaw development will consist of 34 townhouses and some of those will have two and three bedrooms. All townhouses will have unfinished basements and garages.

“They also have NewRock’s mortgage assistance on them,” said Ens. “There is an income restriction on who can buy the units under the program. The units can be purchased by anyone, but for the actual program itself for us to give the money back there’s an income qualification.”

He said anyone who earns less than $70,000 and $75,000 annually would be eligible for the program.

The program requires approval through insurance company Genworth Financial.

“Because of our program, what we do is give money back to help people with their down payment and to help them with their monthly payments,” said Ens. “The money that we’re giving back is all NewRock’s money but because we are giving money back it does require Genworth to approve the program.”

As an example, he said in Regina people moved into a new home with a down payment of $5,000 or $6,000 where it would’ve been $12,000 or $13,000. In Regina the payments were regularly less than $1,000 per month.

“Now these units are a little bigger because they’re townhomes. Those are more of a multi-family style,” said Ens. “In Regina we have a waiting list of hundreds of people to get these units. So the way that we do it is we do a bit of marketing to let everyone know it’s coming and then we have an opportunity for people to sign up and come hear how it works and then we start selling then.”

In Moose Jaw NewRock Developments will be giving back just under $25,000 to home owners through down payment and mortgage assistance.

For more information on the program visit The future website of the Creekstone Villas will be located at

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