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Canadian Mortgage News

Decoding the mortgage market - Canadians can still buy a house without saving their pennies

Robert McLister
Special to The Globe and Mail
Published: Monday Jan. 07, 2013
Last updated: Link to original article provided at bottom of page 


It would seem that regulators want to dissuade Canadians from buying homes with nothing down. Yet despite all of the recent changes, buyers can still get into the real estate market with little cash on hand.

Ottawa did away with Canada Mortgage and Housing Corp.-insured 100 per cent financing back in 2008. Home buyers with few savings searching for an alternative were left with cash-back down payment mortgages.
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