The Government of the Northwest Territories has announced that they will be expanding the criteria for forgiveness of debts under Housing NWT’s legacy mortgage program.
“This will help people move forward with greater stability in their homes and allow this government to focus on delivering more homes for Northerners,” said Lucy Kuptana, the Minister Responsible for Housing Northwest Territories.
The Housing NWT mortgage program ran from the early 1990’s until 2007. The program’s current mortgage portfolio contains just under 200 mortgages, with a valuation of over $15 million.
Under the expanded criteria, residents with legacy mortgages will be eligible to have their remaining mortgage forgiven if they experience significant financial challenge, have paid more than the assessed value of the property, or have paid an amount equal to or greater than the original mortgage principal.
Residents must currently be living in the home tied to the mortgage to qualify as well, though this stipulation may be waived in extenuating circumstances, such as medical reasons.
“I am pleased to see the GNWT respond to these long‑standing calls for change by expanding the criteria for debt forgiveness,” said MLA Jane Weyallon Armstrong .
“This is a meaningful step toward resolving historical issues, providing people with stability, and allowing Housing NWT to focus on delivering more effective supports.”
Clients who do not meet the requirements for debt forgiveness will be able to work with Housing NWT to explore alternative ways to reduce their mortgage debt.
All Housing NWT mortgage holders will be receiving letters in March 2026, encouraging them to meet with their District Office to discuss their situation.
