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G.I.F.F.T. Initiative

Help loved ones own real estate! Devco's GIFFT lets you contribute to a down payment, hold the property in trust, and set them on the path to ownership. Learn the benefits and how it works!

The Devco GIFFT Initiative provides a way for you to help friends and family invest in real estate. Through GIFFT (Generational Investment, Friends and Family Trust), you can make partial deposits towards properties and put them in a trust for someone special.

How it Works

  1. Choose a Devco residential property you want to GIFFT.
  2. Complete the online form and, individually or collectively with others, make a payment by cash/credit/debit card, bank transfer or in person (over the counter), individually or collectively with others, to accumulate a minimum 10% deposit of the purchase price. The daily deposit by an individual cannot exceed $6,000. This deposit locks in the property under the GIFFT program.
  3. The person you GIFFT to will enter a contract with Devco for a term payment arrangement to pay off the remaining 90% over 7 years at 8% interest.
  4. Alternatively, they may pay the full remaining balance to own the property outright. 
  5. Devco holds the property in trust upon the terms of the contract until fully paid. Once paid, the property is deeded and transferred to the GIFFT-ed individual.

List of Payment Options

  • In Person Payments at the Payment Center (In person payments can be made at the payment centre by cash or credit/debit card. Receipts will be printed in the names of the beneficiary and issued as a 'GIFFT CERTIFICATE' to the purchaser. Please bring an ID for processing).
  • Bank Transfer (For customers of RBC, if a bank transfer is made via RBC Bank over the counter or RBC online, to account number 1683051, the GIFFT purchaser must submit a copy of their receipt and ID for successful processing via the link below - https://bit.ly/gbdevco-gifft)

Benefits of GIFFT

  • Help someone get started in real estate investment with a low down payment GIFFT.
  • Payments are structured over 7 years for easy affordability.
  • GIFFT-ed individuals own the property free and clear after full payment of the purchase price.
  • You can GIFFT partial deposits on multiple properties for friends and family.
To get started, submit the completed GIFFT form along with your 10% deposit. One of our representatives will then contact the GIFFT-ed individual to set up the term payment contract. Help that special someone invest in their future through the Devco GIFFT Initiative today!
Click here to complete the GIFFT form