Quote:
Originally Posted by Winsor_Pilates
Yes they do; you need a 35% downpayment as a non resident.
It's pure fiction that all of these buyers are cash buyer, mega millionaires.
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Fair enough.
Curious about this now. Any mortgage experts here who can identify the limits on this?
Anyways, in Vancouver the problem is the people putting down cash immediately. They aren't getting mortgages. Unless there's some kind of mortgage system that allows you to get hundreds of thousands prior to having a specific property in mind.