Monthly Archives: Monday February 29th, 2016

Down payments soon to be higher on some mortgages

Monday February 8th, 2016

Down payments soon to be higher on some mortgages

On December 11, without addressing the risk of a potential real estate bubble, Federal Finance Minister Bill Morneau announced that down payments on mortgages between $500,000 and $1 million would be doubled. Minister Morneau’s decision appears to have been motivated by soaring real estate prices in Toronto and Vancouver. He hopes this measure will create […]
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