Real Estate in the News

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Five things to know about new mortgage rules that came into effect Monday
Homebuyers now have to put at least a down payment of 10 per cent on the portion of the price of a home over $500,000. For anyone buying a home for $700,000 — a common list price in Vancouver and Toronto — that means the minimum down payment will rise to ...

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Real Estate in the News

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Stay up-to-date with all real estate news updated continually on our Facebook page.

New mortgage rule might ‘temper’ hot markets, but not for long
The Canadian Mortgage and Housing Corporation will require a 10 per cent down payment on any portion of a mortgage it insures above $500,000 and up to $999,000. That’s double the five per cent down the Crown corporation currently asks to insure mortgages worth more than 80 per cent of a home’s value.

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