Ownership

Ownership Program

Eligibility & Guidelines Download RRL Application
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The Banff Housing Corporation (BHC) offers a diverse range of home ownership opportunities that are sold to eligible Banff residents who are currently on the Registered Resale List (RRL).

All residents who purchase a BHC home agree to abide by the Parks Canada sublease requirements which ensures the housing inventory is used as intended. Two ownership models restrict the maximum resale amounts and create below-market housing solutions for residents of Banff. The two models are equity share and price restricted.

  1. Equity Share: These properties are based on shared equity between the homeowner and the BHC. The homeowner equity ranges 64.6% to 86.8%, and the BHC retains the remaining equity. The future resale value of these properties is determined by a formula using the current appraised market value and the homeowner’s equity percentage.
  2. Price Restricted: These properties are sold at 20-30% below-market. The resale value is capped at 2% per year (maximum) based on the current owners purchase price.

Before you download the RRL Application, review the Eligibility and Guidelines above to ensure that you qualify for the program.

Applicants acknowledge that eligibility requirements may change over time.

Acknowledgement

In the spirit of truth and reconciliation, we honour and acknowledge that we live, work, and play on Treaty 7 lands – the traditional territories of the Iyârhe Nakoda Nations (Chiniki, Bearspaw, Goodstoney), the Blackfoot Confederacy (Siksika, Kainai, Piikani), the Tsuut’ina Nation, the Ktunaxa, Secwépemc, Dene, Mountain Cree and Métis Nation of Alberta District 4 within the Battle River Territory.

We are grateful to those whose territory we reside on and acknowledge the many First Nations and Métis who have lived and cared for these lands for generations.