Re/Max Realty Specialists Inc.,
Brokerage Independently Owned & Operated
*Sales Representative

Blog by Krisztina Neglia

Change to the mortgage rules.

October 3rd, 2016

Are you aware of recent changes to the mortgage rules?

Downpayment – Cough Up The Cash

As of February 2016, homebuyers in Canada now face larger down payment requirements for properties over $500,000. Buyers now have to put a minimum downpayment of 10% on the portion of a home over $500,000.00. As an example, let’s take a home listed at $800,000.00. That means the minimum downpayment will r ...