How Does Canada’s Home Ownership Rate Look?
Toronto Realty Blog
JUNE 21, 2021
Previously you could get 104% to cover closing costs, but this was phased out last year. You don’t get mortgage pre-approvals – just an estimated ceiling. Land transfer tax is 2% of the property value. You can get a mortgage for 100% of the value. Standard amortization is 30 years. Pros and cons.
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