If you are looking to purchase a new home, whether this is your first time moving or your tenth, you always have the option of putting 5% down at the minimum. Keep in mind, you must be moving into the property you are purchasing to be able to purchase with less than 20% down.
These purchases are backed by CMHC Insurance, which is a cost that is added to the mortgage balance. You can calculate that cost on our calculators page to get an idea of what this looks like ahead of time.
The Mortgage Mechanics
Justin Guest: Agent #M18000402 / Amanda Lawson: Agent #M18002204
Rock Capital Investments Inc. #10556
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