Closing Cost Support Program

The Closing Cost Support Program assists Prince Edward Islanders of low and modest incomes with financial assistance to cover a portion of the closing costs on the purchase of their first home.

Eligible applicants can apply to receive a contribution of up to $2,500 to support the closing costs of the purchase. Apply using the online form below.

Am I eligible for closing cost assistance for my first house?

For an applicant to be eligible for assistance, the following criteria must be met:

  • At least one of the Applicants is a citizen or permanent resident of Canada and the Applicant is a resident of PEI;
  • The Applicant is a first-time home buyer (as defined by the Real Property Transfer Tax Act);
  • The Applicants total annual household income must be $100,000 or less in based on line 15000 from your Canada Revenue Agency “Notice of Assessment";
  • Confirmation of income must be provided by way of a Notice of Assessment from the Canada Revenue Agency for the previous taxation year;
  • The property being purchased is in Prince Edward Island, must be owner-occupied, and constitutes the Applicant's principal residence as a single-family dwelling, with no portion of the dwelling being rented out;
  • The closing date for the property purchased occurred after December 1, 2023.

What information do I need to provide with the application?

You will be asked to provide:

  • Identity and contact information for the primary applicant and, if applicable, the co-applicant;
  • Identity and contact information for legal counsel handling your real estate file; 
  • Property ID for the new property;
  • Marital status for each applicant;
  • Household income – each applicant’s projected income for the current year and total income, as per line 15000 from the CRA “Notice of Assessment”, for the last taxation year filed; 
  • Copy of a birth certificate or passport for each applicant; 
  • “Notice of Assessment” for previous taxation year for each applicant, as downloaded from the online “My Account” at CRA;
  • Copy of the Closing Cost Support Certification and Authorization form, completed and signed as required;

Additional documents to finalize program financing, when available, including:

  • Copy of the fully executed Purchase and Sale Agreement for the home being purchased; 
  • Statement of Adjustments for the purchase;
  • Written confirmation that the transaction has closed; and
  • Proof of payment for legal fees (ie. a receipt from the law firm)

For more information, contact:

Fred Irving, Housing Project Coordinator
11 Kent Street, P.O. Box 2000
Charlottetown C1A 7N8

Telephone: 902-314-0428
Toll Free: 1-800-563-3734
Fax: 902-368-3394
Email: fairving@gov.pe.ca

The Province of Prince Edward Island will accept applications until the allocated budget has been committed. The budget will be allocated on a first-come, first-serve basis and only complete applications will be eligible for processing. 

Housing, Land and Communities

General Inquiries

Department of Housing, Land and Communities
Sullivan Building
16 Fitzroy Street
Charlottetown, PE C1A 7N8

Phone: 902-218-8569

DeptHLC@gov.pe.ca