In Toronto’s real estate market, saving for a down payment can be the most challenging part of the buying process. Buyers that can’t afford a 20% down payment are required to pay mortgage default insurance, also known as Canada Mortgage and Housing Corporation insurance or CMHC. If saving for the full 20% down payment [...]
The post TORONTO CONDOS: WHY 5% DOWN TODAY IS BETTER THAN 20% TOMORROW appeared first on Pierre Carapetian Group.
source https://pierrecarapetian.com/toronto-condos-why-5-down-today-is-better-than-20-tomorrow/
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