CREA Housing Predictions for 2016 and Federal Government Minimum Increases
What are the Housing Predictions for 2016 in Toronto and Beyond? In the New Year, the Canadian federal government will hike the minimum down payment on the portion of new insured mortgages above $500,000 from five to ten per cent, starting Feb. 15 The portion that’s less than $500,000 will stay at five per cent. …
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