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Condo Down Payments in Canada – Fully Explained When buying a condo in the dynamic Canadian real estate market, it is important to demystify down payments so that you can make informed decisions. 5% down payments are the entry point for first-time homebuyers, while conventional practice dictates that most banks require a 20% down payment […]
Who can gift money for mortgage down payment in Canada Getting help from family for buying your first home has become increasingly common in Canada. Last year, a large amount of Canadians (nearly 30%) received funds as gifts for their down payment from parents. The latest report by CIBC found that financial gifts have increased […]
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