In December the Finance Minister announced a small change to the down payment requirement for CMHC insured purchases between $500,000 and $1,000,000. Currently the minimum required down payment is 5% of the purchase price for any owner occupied property or second home, but starting February 15th, the minimum down payment will be 5% on the first $500,000 and then 10%… Read More »

Buying a property isn’t a simple process, but with some planning and forethought it does not have to be a stressful one! Most often, home buying stress come from the unknown (“I missed the deadline? What deadline?  How much money do I need for a down payment? When should I take it out of my RRSP?”). To make your home… Read More »