More than $2 million has been approved under Saskatchewan’s plan to help new graduates buy their first home.
Payments of $450,000 have been given out so far for 49 interest-free loans for a down payment for recent post-secondary graduates.
The government has approved a total of 230 applications.
Advanced Education Minister Scott Moe says it’s all about keeping people here in Saskatchewan.
Graduates are eligible for up to $10,000 under their unused graduate retention program tax credits for a down payment.
Kaleigh Maguire of Regina recently bought a home under the program and says it was very beneficial.
“It was a saviour. With the rental market being so high as it is, we were pretty much paying a mortgage payment, it was just to come up with the down payment.
“We heard about this program so we our application in right away and I’m standing here now a homeowner.”