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CMHC

New Mortgage Down Payment Rules

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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 […]

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