Who’s Affected by the Minimum Down Payment Increase?
If you’re buying a house today, brace yourself for the new down payment increase–It’s doubled from five per cent to 10 per cent! The new mortgage rules which were announced in December came into play sooner than anticipated. Finance Minister Bill Morneau states that buyers purchasing any home with a price tag of $500,000 or …
Who’s Affected by the Minimum Down Payment Increase? Read More »