💡 Mortgage Myth 💡
🚫 Myth: You need 20% down to buy a home.
✅ Truth: In Canada, you can buy a home with as little as 5% down for homes under $500,000!
Many first-time buyers think they need a huge down payment to enter the market, but that’s not true. With mortgage insurance, you can put down less and still secure a great home.
💰 Bonus Tip: If your home is between $500K and $999K, you’ll need 5% on the first $500K and 10% on the rest. Homes over $1M require 20% down.
🏡 Thinking of buying but not sure where to start?
Call (289) 804-0857