Canadian engineering firm gives employees $20,000 for down payment on first home

Crozier, a Canadian engineering firm that has 4 offices and 200 employees, is offering up a new level of perk to its employees.

While many companies temp employees, or new employees, to join the company by health benefits or time off, Crozier is offering up to $20,000 for a down payment on a first home, which is called First-Time Home Buyer’s Assistance Program.

“We established the First-Time Home Buyers’ Assistance Program as a creative way to help make homeownership a reality for our employees because we strongly believe that their personal growth is as important as their career growth,” said Nick Mocan, Crozier President.

With the growing barriers to homeownership, this program comes at a perfect time. All Crozier employees are eligible for the $20,000 down payment funding. However, if they decide to accept the funding, it is stated in the First-Time Home Buyer’s Assistance Program that they are mandated to stay with the company for a minimum of three years after successfully receiving the funds.

“We have seen first-hand the increasing demand for residential development and the frustrating situations our employees find themselves in, such as extreme bidding wars, when trying to buy their first home in today’s market, said Mocan.

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