Call Durham Region Home - Real Estate Blog

Feds to tighten mortgage rules for homes over $500K

CTV article on proposed increased down payment requirements for home buyers 


The new regulations will increase the minimum down payment required to buy a home for more than $500,000, with portions beyond that amount requiring a 10 per cent down payment. The down payment on the first $500,000 will remain at five per cent.  see more ..................

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