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RSPs for down payment

Down Payment Changes Around the Corner

Down Payment Changes: February 14/16 will be the last day that applications will be accepted before the new down payment changes come into effect. If you’re planning on buying a home for $500,000 or more, don’t wait to get your financing in order. If you have questions about this, contact me today for more details. […] Continue reading

Down Payment Changes Ahead

Effective February 15, 2016, Canada will have new down payment requirements for purchasing residential homes.  For properties selling between $500,000 and $1 million, people getting an insured mortgage will now need to put more down—up to an additional 2.5% of the purchase price. In other words, 5% down will be required on the first $500,000, […] Continue reading