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My numbers are from the article linked in the post I answered to.
by andi999 6y ago
My numbers are from the article linked in the post I answered to.
- elixirnogood 6y agoI don't think you can get a mortgage with a 6% downpayment anymore. Canadian real estate is a scam. Banks would lend to anyone with a 5% downpayment. The mortgages are insured by the government (CMHC), so essentially all the taxpayers are on the hook if the real estate market implodes. Banks will be fine though as usual.