Down Payment & Mortgage Interest Assistance

The $45,000 Down Payment Assistance (DPA) program remains available for all full-time faculty for 10 years from the date of their eligible appointment. The DPA amount will increase to $50,000 to mitigate inflationary pressures for new faculty hired on or after July 1, 2017. The Mortgage Interest Assistance (MIA) program will be discontinued. 


UBC is committed to being both a world-leading academic institution and one of Canada’s best places to work. In recognition of these goals, the University has created the UBC Down Payment Assistance Program in 2009 to help retain and recruit top quality faculty. Full time faculty members within 10 years of initial UBC appointment date may be eligible for either:

  • $45,000 Down Payment Assistance (DPA) for those hired before July 1, 2017; or
  • $50,000 DPA for those full-time faculty hired on or after July 1, 2017.

The DPA must be applied to the purchase of primary residence within the Metro Vancouver, on or off-campus.

View important additional information and clarification on taxable benefits.

The Details

The program details and benefits are explained in the links below.

FAQS

Eligibility

The program eligibility details are provided in the link below.

Eligibility

Applications

Please submit your application at your first possible opportunity to allow the administration as much time as possible to prepare and complete all necessary documentation.

Process

Forms

Resources

Enquiries regarding the DPA may be directed to James Heth at james.heth@ubc.ca.