Finance Minister Tightens Down Payments:
Finance Minister Bill Morneau announced that the minimum down payment for homes will be increasing to 10% for any amount over $500,000 starting February 15th, 2016. Click below to read more about the announcement. Contact Privatelend.com to evaluate your options regarding the new regulations.
Click here for more info: http://www.cbc.ca/news/politics/morneau-home-ownership-finance-1.3360610