Import update for home buyers!
As of Dec 15, 2024, new down payment rules are here. Don’t stress—we’ve got you covered!
Quick Breakdown:
Homes $500K or less? Think 5%.
Homes $500K-$1.5M? First $500K = 5%, then 10% on the rest.
Over $1.5M? It’s a 20% game.
First-time buyer or aiming for a shiny new build? There are extra perks for you (like 30-year amortization or tapping into RRSP savings)!
All just a blur and not sure where to start?
Contact us at 416-390-2566, karen@karenmillar.com or reach out to Sean Humphries, 647-293-3128, to make sense of it all. We’ll help you navigate the numbers and get you into your dream home!
