Down payment rules in Canada vary by price range and mortgage type, but they can be flexible enough to make ownership possible for many buyers. Mortgage insurance options through CMHC, now support insured mortgages on homes valued up to $1.5 million.

 

Instead of focusing only on percentages, it’s more useful to understand what you can comfortably afford and how to structure your purchase to qualify. Every buyer’s situation is different — income, credit, and long-term goals all play a role.

 

If you’re renting and planning to buy in Simcoe County, this is a good time to explore your options. You might be closer to homeownership than you think. I can connect you with trusted mortgage professionals who’ll calculate exactly what’s required for your purchase and explain available first-time-buyer incentives.

 

Call or text 705-791-7923 — Amardeep Toor | eXp Realty — to discuss your plan and take the first confident step toward your own home.  No Obligation!