New mortgage rules will significantly lower down payments on properties over $1-million, guidance shows
- Posted on September 24, 2024
- By The Globe and Mail
- 1 Views
New mortgage rules will significantly lower down payments on properties over $1-million, guidance shows
Under the federal rules taking effect in December, a down payment on a $1-million home will cost $75,000 versus $200,000 under the current policy
