What is the minimum down payment needed for a home? Is it the same if I am only buying a condo versus a house?
ANSWER: With the changes from CMHC, the minimum amount of your downpayment depends on your employment situation and purpose of the purchase. For example, self employed people need to put down a minimum of 10%. If you are buying for the purposes of renting out the condo and not living in the property, you need […]
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