Quote:
Originally Posted by guzzy
Very good points. The key to what you said is that you have to have 25% down for a rental property, plus closing costs.
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Or 20% at least.. though there are a lot more options now for landlords as far as high ratio mortgages go. There's three new mortgage insurance companies coming into Canada this year, so there'll be a lot more choices soon. I know Genworth is insuring a high ratio mortgage for investors.