Tag: first time homebuyers

Any down payment that totals less than 20 per cent of the property value will require mortgage default insurance, and be considered a high ratio loan.

Rising Trend – First-Time Homebuyers Purchasing Based on Price over Amenities and shirking the Fundamentals Results of the 2011 TD Canada Trust First Time Homebuyers Report showed that nearly half of first-time homebuyers will purchase their property alone. These figures, issued Wednesday, indicated that 57 per cent of men and 33 per cent of women …