Downpayment

  • Empty Pockets

Can I Get a Mortgage with No Downpayment?

The simple answer to this question is no. In order to secure mortgage financing in Canada you have to come up with at least a 5% downpayment. Now, if you haven’t set aside the 5% for a downpayment in your savings account, that is okay. There are still a few […]

Using an RRSP to Reduce Your Taxes and Buy a Home!

Are are looking to get into the housing market and purchase your first property in the next little while, but saving a downpayment is proving to be difficult? Here is a simple strategy that could help you out! Let me show you how purchasing an RRSP with the money you have already saved up can actually give you a larger […]