Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - Are you a Mortgage Broker? Can I go ahead and ask you anything?

Mike Oxlong · 03-15-2010, 02:02 PM

No it is only 20%. It has been that way for at least 2 years I believe.
I'd have to look at exactly when they made the change but if you want to avoid CMHC or Genworth fees you need to have a 20% downpayment.

03-15-2010, 02:02 PM	#9
Mike Oxlong Got Oliver Klozoff Join Date: Feb 2003 Exp:	No it is only 20%. It has been that way for at least 2 years I believe. I'd have to look at exactly when they made the change but if you want to avoid CMHC or Genworth fees you need to have a 20% downpayment.