Introducing Our First GAP Housing Unit: Keeping the #CostOfHome Affordable for All

Habitat HM's first GAP housing unit is in Arc Condominiums

GAP housing unit in Arc Condom

In the midst of our country’s affordable housing crisis, it’s not only low-income families and individuals who are struggling to make ends meet. Those making a moderate income are often neglected in the discussion of housing, despite the fact that they still can’t afford to own a home. The City of Mississauga recognizes these individuals as the “missing middle” within the housing continuum. Habitat HM is facilitating the municipality’s vision, where middle-income households are able to move into homes that meet both their budget and lifestyle needs, by introducing this housing option as a way to fill this “gap” that currently exists within the homeownership market. We’re rolling out this option with our newest build partnership with the Daniels Corporation: a condo located within the Arc Condominiums in Mississauga.

Habitat HM’s GAP Homeownership

Located in the heart of Mississauga at 2520 Eglinton Avenue West, Arc Condominium is the perfect pilot home for our GAP housing launch. The building is a dramatically curved 19-storey tower that rises like a beacon over the city’s skyline.Photo of the kitchen in our GAP housing unit.

The condo is a two-bedroom unit with a den and two full bathrooms. With a full asking price of $680,000, the Habitat homeowner will take out a minimum $400,000* traditional mortgage and Habitat HM will then carry the remaining $280,000 as a non-paying mortgage with no interest. It will only be payable on the resale and title transfer of the home in the future.** This means that if the homebuyer decides to sell, they would owe Habitat HM the value of the second mortgage. This is to prevent homeowners from “flipping” Habitat homes to make money, ensuring that the property remains affordable.

For more details on the floor plan and finishes of this condo, click here.

Bathroom view 1 Bathroom view 2

Around the condominium, a very unique community is beginning to take shape. This visionary, multi-tower and mixed-use community includes residential, retail, office and unique outdoor amenities. It will feature a Courtyard, Plaza and farmers’ market. On the fourth floor of the condo, you’ll find a full-court gymnasium and state-of-the-art fitness centre.

The long-term vision is for this community to become a vibrant hub within the neighbourhood, bringing together homeowners from all walks of life in a collaborative work and living space. There will be a variety of retail spaces on the ground floor of the condo you can shop at, a place to grab coffee outdoors in the Plaza and a farmers’ market for buying your groceries.Courtyard surrounding the GAP Housing unit in Arc Condominiums.

The Courtyard is nearly an acre in size and will feature groomed pathways, community gardening plots and a central green space ringed by a track for walking, running and biking.

Register for GAP housing today!

At Habitat HM, we’re always looking for a way that we can help more people. We’re so excited to facilitate this GAP homeownership program through the sale of this Arc condo so we can broaden the scope of our support to the moderate-income market.

If you meet the criteria listed below and you’re interested in applying to buy this first GAP housing condo unit, click here to register today.

If you’d like to learn more about how Habitat HM is facilitating the City of Mississauga’s vision through GAP homeownership and how it helps to tackle the challenges presented by the affordable housing crisis, visit our website.

What is GAP housing?

GAP housing comes from the city of Mississauga’s housing strategy, Making Room for the Middle, which recognizes issues in affordable housing, specifically how they impact middle-income households. The goals and actions within their strategy are “bold and innovative. It acknowledges the limitations of a second-tier municipality, but defines the actions (they) can take.”

A key issue the strategy identifies is that affordable housing is in short supply for middle-income households. As a prominent housing provider for affordable homes within the city, Habitat HM’s GAP homeownership option will help to tackle this issue, head-on.

After all, we’re all human and we believe that every human deserves a place to call home and the opportunity to build a better future for themselves.

Who is GAP housing for?

GAP housing is specifically targeted to help families and individuals making a moderate income, which is between $60,000 to $120,000 (no more, no less). In Mississauga, hundreds of thousands of individuals fit within this range. It could be your neighbour, your brother-in-law or your best friend, but those within our community are struggling to attain their dreams of homeownership. With this housing option, we’re able to help bridge this gap and give families and individuals the helping hand they need to build themselves a better future.

Interested applicants must be able to qualify for a minimum $400,000* traditional mortgage with a mortgage broker**. They must also be able to pay a minimum down payment of $35,000 and a closing cost of approximately $13,175.

*may change based on individual debt circumstances

**program and mortgage details subject to change at the discretion of Habitat for Humanity Halton-Mississauga


Habitat for Humanity Halton-Mississauga is a proud member of our national organization Habitat Canada and is one of 54 local Habitat affiliates across our country. Habitat for Humanity brings communities together to help families build strength, stability, and independence through affordable homeownership. We provide a solid foundation for better, healthier lives in Canada and around the world. You can find out more about Habitat Canada at habitat.ca.

By: Olivia Kabelin