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Daily Archives: June 7, 2016

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  2. 2016
  3. June
  4. 07

Banks Are Requesting Larger Down Payments

Down Payment, MortgageBy Terry KilakosJune 7, 2016

The big news this week is that the heads of Scotia Bank and National Bank are urging Ottawa to increase the Minimum Down Payment on all homes under $1 Million to at least 10%. As it stands Home buyers in Canada today must put a minimum of 5% Down Payment on all homes under $500k…

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