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The new down payment rule: what changed on February 15

The new down payment rule: what changed on February 15

On February 15, the Government of Canada effected a change to the rules for down payments. The change, which was officially announced on December 11, 2015, increases the minimum down payment for new insured mortgages from 5 per cent to 10 per cent, for the portion of the house price above $500,000.

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Our 2016 Pledge To You.

Our 2016 Pledge To You.

For most people, the purchase of a home is the single largest financial investment they will make. This means that the process can be very stressful without the right support. As a consumer, you have a lot of options when it comes to selecting the right team of real estate and mortgage professionals. Surrounding yourself with experts who understand the market and industry can make a huge difference in your journey to home ownership.

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