You have questions? We've got answers.

Land lease home ownership allows people to own their home without buying the land, often making it more affordable to purchase than traditional freehold homes. More and more people are embracing this home ownership model, as it enables buyers to own their home and build equity while freeing up money for other priorities or investments. The land lease permits the homeowner to use a piece of land in exchange for rent. 

A land lease home offers a more attainable path to homeownership by reducing the upfront cost of purchasing a home. Because you are not purchasing the land, the overall purchase price is typically lower than a comparable freehold home. This can mean a smaller down payment, lower mortgage payments, and greater financial flexibility, allowing you to invest in the things that matter most while enjoying the pride, stability, and security of owning your own home.

Yes, many Canadian banks and credit unions offer CMHC insured lending for homes in land lease communities, including manufactured homes. The program, called the Chattle Loan Insurance Program (or CLIP), helps buyers finance the purchase of manufactured or mobile homes on rented land.

Reach out to a mortgage specialist at your local bank or credit union for details and ask about the CMHC-backed CLIP loan program. Some offer down payments as low as 5%.

Yes, manufactured homes are included in the HBTC tax credit. Check with your local tax advisor to see if you qualify. Learn more at First Time Home Buyer.

Yes, manufactured homes in land lease communities are eligible to participate in the Canada’s Home Buyers’ Plan. We recommend consulting a mortgage specialist to confirm the programs for which you may qualify.

You can also learn more Home Buyers Plan.

Land lease homeownership is very different from renting. When you rent, you pay to live in a home or apartment that belongs to someone else and you do not build equity. In a land lease community, you own your home and build equity while leasing only the land beneath it. This allows you to experience the benefits of homeownership while enjoying a more affordable purchase price than many traditional homes.

It's very similar to buying a traditional home - just two additional steps. Working with a real estate agent to find the home you want in a Compass community, you will submit a land lease application to the community manager for approval. They will walk you through the lease, the process, and prepare a lease for the site on which the home sits before closing the purchase and sale agreement for the home.

We recommend that you complete the land lease application and have it approved before finalizing a home purchase in a Compass community. Contact the office at the community you are interested in for further details.

Many Canadian banks and credit unions offer lending for homes in land lease communities, including manufactured homes. the program, called CLIP, is CMHC insured.Reach out to the mortage specialist at your local bank or credit union for details.

Yes. When you purchase a home in a Compass Community, you own the home just as you would in a traditional neighbourhood. You can personalize it, renovate it in accordance with community guidelines, sell it, or pass it on to your family. The only difference is that Compass Communities owns the land beneath your home, which you lease through a land lease agreement.

Yes. Land lease communities have been part of the Canadian housing landscape for decades and provide an established, affordable home ownership option all across Canada. Thousands of Canadians choose land lease communities because they offer quality homes, professionally managed neighbourhoods, and a more attainable path to homeownership.

Like any home, the value of a land lease home depends on factors such as market conditions, location, the condition of the home, and buyer demand. While no appreciation can ever be guaranteed, many homeowners have seen their homes increase in value over time and successfully sold their homes for more than they purchased it for.

Your monthly land lease payment contributes to the professional management and long-term care of your community. Depending on the community, it may include the lease of your homesite, maintenance of community roads, parks, landscaped green spaces, shared amenities, underground infrastructure, stormwater systems, and other common areas. The services included may vary by community, and your Community Manager can provide details specific to your location.

Land lease agreements are governed by applicable provincial legislation, which provides important rights and protections for homeowners. Depending on the province and community, regulations may address matters such as lease terms, fee adjustments, and other aspects of land lease homeownership.

Rental policies vary by community. Some communities allow homeowners to rent their homes, while others may have restrictions intended to preserve the long-term character of the neighbourhood. Your Community Manager can explain the policy that applies to your community.

When a lease term expires, the lease will revert to month-to-month. Under provincial tenancy legislation in provinces across Canada, land lease customers have rights and protections even as a month-to-month resident of the land. For more information on lease term requirements in provincial legislation, please see the provincial government sites provided above. 

A homeowner can work with a real estate agent to sell their home, like a traditional house sale. There are only a few small differences.

When you decide to sell your home, you should contact the Community Manager before beginning the sales listing process with your realtor. There is paperwork that needs to be completed with Compass before the sale can proceed. The new homeowner will need to fill out an application and submit it to the Community Manager prior to moving in. We recommend that your new home buyer submit the application before closing the purchase and sale agreement for the home.

Compass Communities is committed to making homeownership more attainable by offering quality homes in professionally managed communities across Canada. With thoughtfully maintained neighbourhoods, welcoming environments, and a focus on exceptional customer service, we help homeowners enjoy the pride of owning a home while becoming part of a community they can truly call home.

Amenities vary by location, but many Compass Communities feature parks, walking trails, green spaces, recreation facilities, community halls, playgrounds, and other gathering spaces. Each community has its own unique character, and we encourage you to explore the amenities available in the community that interests you.

Compass Communities professionally manages and maintains the shared areas within each community. This includes common green spaces, roads, parks, community amenities, and other shared infrastructure. Our goal is to provide residents with a welcoming, well-maintained neighbourhood they are proud to call home.

Yes. Community guidelines help maintain the appearance, safety, and enjoyment of the neighbourhood for everyone. They cover topics such as property maintenance, exterior improvements, parking, pets, and other community standards to help protect homeowners' investment and create a welcoming place to live.

Yes, Compass Communities are dog-friendly. Depending on the community you are interested in residing in, there may be size and breed restrictions. Please contact the community you are interested in for more details.

Yes, we have several communities that are age-restricted active adult communities. Please contact the community you are interested in for more details.

Your rent payment to Compass Communities is due on the first of every month.

Homeowners are responsible for maintaining their home and property, including routine maintenance, repairs, lawn care, and snow removal unless otherwise specified. They are also responsible for arranging and paying for utilities and home services, while following community guidelines to help keep the neighbourhood safe, welcoming, and well maintained.

Here is a quick guide on how to sign up for the Resident Portal.
 

Here is a quick guide on how to set up a recurring ACH Payment in the Resident Portal.
 

Your rent checks can be payable to "Yukon PropCo, L.P."

Yes, this option is available in the Resident Portal. Please note that you will be charged a processing fee when using credit and debit cards as a payment option.

Here is a quick guide on how to set up debit or credit payments in the Resident Portal.
 

We do not accept rental payments in cash or email money transfers.

Please reach out to your Community Manager for any issues you may have in accessing your resident portal.