Buying a home is one of the biggest investments most people will make, and choosing the right financing can make all the difference. At Taza Park, BMO is the leading institution to offer flexible Home Equity Line of Credit (HELOC) financing under a leasehold model[1]. This gives qualified buyers more choice and control as they plan their future in this growing community.
What Is a HELOC and How Is It Different from a Mortgage
A HELOC is a revolving credit line that lets homeowners borrow against the equity in their home. Unlike a traditional mortgage, where you borrow a lump sum and make fixed payments over time, HELOC allows you to borrow, repay, and borrow again as needed.
HELOCs and mortgages are secured by your property, but they serve different purposes. A mortgage is ideal for purchasing a home with predictable monthly payments, while HELOCs offer flexibility for expenses that may come later, such as landscaping, upgrades or paying down debt or investing.
BMO’s Homeowner ReadiLine and Homeowner Line of Credit
BMO’s Homeowner ReadiLine combines the features of a traditional mortgage and a line of credit in one flexible product. Qualified buyers can use it to manage expenses related to their new home, from interior design to future improvements, while building equity and maintaining financial flexibility. Learn more about Homeowner ReadiLine here.
BMO’s Homeowner Line of Credit offers a revolving line of credit secured by your home. Learn more about Homeowner Line of Credit here.
Financing at Taza: The Leasehold Model
Taza Park homes are purchased through a long-term, prepaid leasehold structure on Tsuut’ina Nation land. Buyers hold a registered leasehold interest with the ability to finance and sell that interest similar to conventional homeownership. This structure provides long-term security for residents while respecting Tsuut’ina Nation’s stewardship of its land.
Redwood Meadows, located just west of Calgary, is another example of successful residential development on Tsuut’ina Nation land. The community operates under a long-term lease agreement with the Nation, similar to the model at Taza Park. Homeowners in Redwood Meadows hold secure leasehold interests that have supported a vibrant community for more than 40 years.
Because Taza operates on Tsuut’ina Nation land under this leasehold model, bringing a major bank like BMO into the financing mix is important. It gives buyers access to trusted, mainstream financing that fits a non-traditional land structure.
Local Presence and Support
BMO operates a full-service branch at Buffalo Run as well as having dedicated BMO Mortgage Specialists available onsite at the Taza Park Sales & Marketing Centre to support homebuyers directly. This local presence ensures purchasers can connect with BMO Mortgage Specialists who understand both the community and the leasehold financing model.
To get started, prospective buyers can:
- Learn more about BMO’s Mortgages here
- Speak to a BMO Mortgage Specialist on site at the TAZA Sales & Marketing Centre
- Find a local Mortgage Specialist using BMO’s Locator Tool
A Longstanding Relationship with Tsuut’ina Nation
BMO has partnered with Tsuut’ina Nation for more than 30 years, operating its on-reserve branch since the 1990s. The branch is part of BMO’s Indigenous Banking network and is 100 percent Indigenous staffed, with employees representing Stoney Nakoda, Blackfoot, Cree, Nisga’a, Ojibwe, and Métis Nations.
This reflects BMO’s broader commitment to economic empowerment, education, and employment within Indigenous communities—three key pillars of its national Indigenous Banking strategy.
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Visit the Taza Park Sales & Marketing Centre to meet a BMO Mortgage Specialist and explore your financing options. Stay informed by signing up for updates at experiencetazapark.com.
[1] BMO’s lending products, like HELOC’s, are subject to applicable terms and conditions and must meet BMO’s lending criteria.
