Hi polak -
Just wanted to correct one item regarding down payment. You are eligible to purchase a home with less than 20% down payment as long as it is going to be your principal residence.
The 5% down payment guideline is not just for First Time Home Buyers. The biggest reference or benefits for First Time Home Buyers is the ability to redeem RRSPs for down payment.
If you have questions, please feel free to call. 403-648-1541 - Tim
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