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Originally Posted by Realtor 1
Strongly disagree and it is quite a bold statement on your end.
What if I have enough to come up with 10-15% but choose to go with 5?
Im still paying CMHC regardless so the only real savings is the interest, which is nothing (Investors group went below 2%)
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You're a great dude and I don't want to start an argument about this, but you're kind of in a conflict of interest here given your profession lol
Line up the nations best financial experts and you'll be hard pressed to find anyone who says a 5% down payment on their mortgage is a good idea.
RIP Jim Flaherty