On December 11, 2015, the Canadian government announced changes to the Minimum Down Payment required for home buyers. Minimum 5% down payment increase The minimum 5% downpayment requirement has been increased for properties over $500,000. Properties under $500,000 can still be bought with 5% down payment. Effective Dates for the New Canada Mortgage Rules Effective immediately (Dec 11th – Feb 14th)...
-
by Randy Selzer - 4 years ago
- 2