Sign Up Now

Select Page


I was reminiscing about my first home purchase, a two bedroom, 1.5 story home in Toronto in 1983. I was a 21-year-old full-time university student at the time, but the prospect of paying rent for another year did not make much sense to someone enrolled in a business program.

Using my Ontario Student Assistance Program (OSAP) grant as the down payment we convinced the owners to do a “vendor take back” mortgage for one year, until such time as I graduated and was able to secure full time employment.

Looking back, it was a pretty creative strategy, and probably one of the reasons I like finding creative financing alternatives for my clients and referral partners.