New Mortgage Down Payment Rules

By in Blog with 0 Comments

December 11, 2015 – Finance Minister Bill Morneau announced new down payment rules in an effort to try and cool the country’s two hottest real estate markets, Toronto and Vancouver. For properties between $500,000 and $1 million, purchasers applying for an insured mortgage will now need to put up to an additional 2.5% of the purchase price […]

Read More