Canadian government officials pushing for higher down payments

Discussion in 'Market News' started by ForexLive, Dec 2, 2015.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Finance department recommends 10% down payments The bureaucrats in the finance department are pushing the government to increase down payments on Canadian homes to 10% from 5% for homes of a certain value. Currently, at least a 5% down payment is needed to get mortgage insurance from the CMHC.

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