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March 01, 2019

Matrix offers unique down payment solutions

Pepper Rodriguez

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The developers of Matrix condos in Mission is offering a unique opportunity to spur sales among its Millenial target market with its zero-dollars-up-front down payment plan.

A five per cent down payment loan is now available through the Matrix, with zero dollars up front and payments spread over 24 months OAC. And to protect buyers from mortgage rate rises, the Matrix is arranging 24 and 36-month interest rate holds to all buyers. Interest-only mortgages are also
available, offering 37 per cent reductions in monthly mortgage payment; a windfall for many.

Matrix is a five-storey condominium project, which will provide 67 homes in Calgary’s historic Mission neighbourhood. It’s the latest project headed by Harold Sicherman, who has a 20-year track record of development in Mission.

A survey by the developer conducted this fall of more than 190 interested parties found that more than 60 per cent were seeking to buy a condominium within the next year, but the top two factors holding them back are high monthly payments and saving for a down payment.

“First time buyers have few options for making the down payment on a condominium purchase, and mortgage rate increases are a challenge for new buyers,” says Zee Zebian, marketing manager, Buss Marketing, who is leading the sales and marketing for the Matrix. “We have launched three new
finance packages to make things more affordable.”

Visit their sales centre at #117 - 17th Avenue S.E. for more information.

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