NEW RULES ON RESIDENTIAL REAL ESTATE DOWN PAYMENTS COMING IN 2016!

By August 8, 2016 Real Estate No Comments

Heads up Buyers! The federal government is changing the rules on residential real estate down payments

Canada Down Payments Increase

First time homebuyers, have you been considering buying but not sure when? it’s time!

“Ottawa is upping the minimum down payment for government-backed loans from 5% to 10% on the portion of a home selling for more than $500,000”

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