Thread: Mortgage Broker
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Old 12-11-2015, 10:36 AM   #141
MillerTime GFG
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MME has already posted it in his thread, but breaking news as of this morning as Finance Minister Bill Morneau announces a change in down payment requirements for home purchases > $500,000.

Any amount above 500k will require 10% on that, but 5% remains on the first 500k.

Not sure if anyone reads my thread anymore, but here's the link...

http://www.fin.gc.ca/n15/15-088-eng.asp

FAQ: http://www.fin.gc.ca/afc/faq/hdpmeh-mfperpc-eng.asp

Last edited by MillerTime GFG; 12-11-2015 at 12:01 PM.
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