Home ownership re-imagined

Rosehaven offers to replace massive down payments with mini deposits

Author of the article:

Jenny Febbraro  •  Special to Postmedia Network

Published May 15, 2026  •  2 minute read

Located at 71 Rebecca St. in downtown Hamilton, the 23-storey project features a large podium and tower, 16,000 sq. ft. of indoor and outdoor amenities.

Gen Z has all but relinquished the dream of home ownership. But Rosehaven Homes hopes to upend the upfront down payment juggernaut to a reasonable deposit scheme.

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Beginning with The Rebecca Residences, a new residential project in Hamilton set to open in 2029, buyers can chip away at their installments through weekly deposits of $250 a week over a 48 month period (depending on the size of the unit).

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“For years, Canadians have felt priced out of the real estate market. Either that – or they just feel shut out, or forced to put home ownership on hold,” says Stefano Guglietti, Vice President of High-Rise Sales, Rosehaven Homes.

“We’re a family business, so we know how important home ownership is. My grandparents saved up and bought a house, my parents are in their second home. But now it’s the next wave of people who are struggling to even get a foothold in the market.”

Guglietti explains that salaries have not kept up with the cost of living, causing many young people to struggle with accumulating enough for a down payment.

“Times are different now. In the past, most people were able to purchase a home,” he says. “But now with inflation, every aspect of our lives costs more than it used to. So putting money aside isn’t easy, especially at the beginning of one’s career.”

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Located at 71 Rebecca St. in downtown Hamilton, the 23-storey project features a large podium and tower, 16,000 sq. ft. of indoor and outdoor amenities, a children’s playroom, fitness centre, yoga studio, co-working space, rooftop terrace with BBQs, ground floor commercial space, and a pedestrian-friendly streetscape in front of its front doors..

Planned amenities include a fitness centre, yoga studio, co-working space, rooftop terrace with barbeques, outdoor dining areas, and views of the city and water.

“We would love to see a weekend farmer’s market there or a street festival in the future,” says Guglietti. “The extended landscaping also makes the development a great spot for families as the property overlooks a currently-underutilized park along the John Rebecca Park corridor.”

Available residences include one-bedroom units from 423 square feet starting in the $300,000s, one-bedroom-plus-dens units from 480 square feet starting in the $400,000s, and two-bedrooms from 717 square feet starting in the $500,000s.

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The extended deposit program is the second of its kind for Rosehaven as they also offered a different type of deposit structure for its KiWi Condos on King William, also located in Hamilton. For KiWi condos, the additional perk of a three per cent discount coupled with a flexible payment plan. Rosehaven was also the company behind Odyssey Condos – an award-winning lakeside community in Grimsby.

The project contributes to Hamilton’s broader revitalization efforts with the city anticipated population increasing by an additional 200,000 people by 2041. “Hamilton also has the transit

infrastructure to facilitate a quick connection to Toronto’s downtown core,” he says, adding that the city anticipates adding an additional at least 200,000 jobs in the district.

With over $1 billion in building permits issued in the area, the city of Hamilton has positioned itself as the next best thing to Ontario’s capital.

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