^^ Your best off speaking to a mortgage broker although there are 2 trains of thought...
20k down for 5%
80k down for 20%
Say 11k for CMHC
Can you make 11k investing 60k over the period it will take you to save up for your 20%? Obviously this does not factor in the difference in interest rates and what not.
If the answer the the question is yes and you believe in the housing market strengthening then I would say now, if you are unsure on the market and unsure on the investing side then I would say wait.
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