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Finding a great mortgage rate can help make the dream of real estate ownership a reality, but it's not the only important thing to consider when financing a home. From what payment plan would best sui...
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By this time next week, you will no longer be able to buy a home in Canada priced at more than $500,000 with a five-per-cent down payment. Big deal or no deal? It seems to depend on what market you're in.
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On Feb. 15, 2016, Canada's new mortgage rules kick in, mandating higher minimum down payments for homes priced higher than $500,000. But if you're planning to buy a home for less than that figure, you're in luck -- there's plenty of hot markets across Canada with average home prices of less than $500,000.
At the end of the day, would you rather pay $1,800 in rent or mortgage?