Please read through the below two options for our Vital Homes Programs (Rent or Own) so you are reviewing the appropriate eligibility requirements.
Vital Homes Rent Program
To qualify and rent a Vital Homes unit with CCH, all adults residing in the household, except those over the age of 18 who CCH deems a dependent, must be a Canadian Citizen, Permanent Resident, or have a valid Canadian work permit and your household must meet one of the specific Eligibility Criteria pathways outlined below. Please review the criteria below to determine if you/your household are eligible to apply.
1. One of the following three employment/residency categories must apply to all adult applicants.
A. Canmore Employment:
i. An Applicant who currently works in Canmore a minimum average of 20 hours per week with a licenced Canmore business; OR
ii. An Applicant who is self-employed with a Canmore business licence performing services for the business in Canmore no less than 20 hours per week; OR
iii. As a spouse, not working or not working a minimum average of 20 hours per week in Canmore, who is a homemaker caring for dependents or who works in the Bow Valley a minimum average of no less than 20 hours per week
This category also includes those on maternity leave or sick/disability leave from an eligible employer, or those having accepted a bona fide job offer.
B. Canmore Employment or Residency History: An applicant who is retired or in receipt of a disability benefit (i.e. AISH) and can demonstrate that;
i. They have three (3) cumulative years of employment history in Canmore working a minimum average of no less than 20 hours per week; for retirees, this is calculated in the five (5) years prior to retirement; OR
ii. At least five (5) years Canmore residency within the 10-year period prior to applying
This category also includes the spouse or caregiver of the qualifying applicant.
C. Canmore Long-term Resident:
i. An Applicant (singular) who currently resides in Canmore and for whom Canmore was their primary residence for a minimum of five (5) years within the 10-year period prior to applying and is employed in the Bow Valley for no less than twenty (20) hours per week;
ii. A spouse who is a homemaker caring for dependents.
2. Your gross household income must be less than shown in the chart below in the previous tax year as reported on Line 15000 of your CRA Tax Notice of Assessment.
Unit Size Income Limit
Studio* $84,461
1 Bedroom $107,725
2 Bedroom $130,809
3 Bedroom $153,892
*Note: Studio units are located only at The Hector.
If you meet all of the criteria above, then you likely qualify to rent a Vital Homes property, pending confirmation of your eligibility, availability of homes and, your suitability as a tenant. Should you have any questions, please contact our office at 403-609-9983.
Vital Homes Own Program
To qualify to purchase a Vital Homes unit with CCH, your household must meet specific Eligibility Criteria. Please review the criteria below to determine if you/your household are eligible to apply.
1. You must be a Canadian Citizen or Permanent Resident.
2. At least one applicant must meet ONE of the three Canmore Employment and Residency categories below:
A. Canmore Permanent Employment: Currently work at least 30 hours per week in permanent employment with a licensed Canmore business for at least 6 months.
B. Canmore Employment and Residency: Currently live in Canmore and shall have lived in Canmore for at least 12 months prior to possession of a Vital Homes home AND be one of the following:
i. employee working in Canmore for a licensed Canmore business at least 20 hours per week for at least 6 months; or
ii. self-employed person with a Canmore business license or recognized equivalent performing services for the business for at least 6 months; or
iii. retiree with at least 60 months of Canmore work experience within the 10 years prior to retirement.
C. Canmore Long-term Resident: Currently live in Canmore and shall have lived in Canmore for at least 60 months prior to taking possession of a Vital Homes home. The residency requirement may be fulfilled through cumulative or consecutive months within the last 10 years.
3. Your gross household income must be $250,000 or less in the previous tax year as reported on Line 15000 of your CRA Tax Notice of Assessment.
If you meet all of the criteria above, then you likely qualify to purchase a Vital Homes property, pending availability of homes and your ability to qualify for mortgage financing. Should you have any questions, please contact our office at 403-609-9983.