If you are looking to buying into a Co-propriété with a 15% down payment, start looking else where. The minimum down payment is 20%, and depending on the bank financing it, could be even higher than that: 30 - 35%. These types of properties are NOT covered by the CMHC (Canadian Mortgage and Housing Corporation). While talking about financing, it's important to mention that many major lending … [Read more...]
Canadians consider buying a condo purely for investment purposes
May 8, 2008 By 3 Comments
Slightly more than one-third of Torontonians (34%) would consider owning a condo solely for investment purposes rather than as their primary residence. 8% have already made this kind of investment. By comparison, more than half (52%) of Vancouverites say they would buy a condo strictly as an investment, yet only 5% have actually done so. Among Montrealers, only 3% say they already own an … [Read more...]
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