
Breaking Down the Bank of Canada’s Changes Last Week
The Maximum Insured Mortgage Increases to $1,500,000.
-Buyers of properties between $1 million and $1.5 million can now use insured mortgage rules for minimum down payment.
-Down payment of 5% of the first $500,000 and 10% of any purchase amount above $500,000 up to $1.5 million.
-Buy a $1.5 mill...