First time Buyer Rebates and Minimum Downpayments for Mortgages in Canada

January 12, 2016 | Posted by: Francine Tracey

In December 2015 CMHC Made changes to the rules regarding Minimum Downpayment. The attached PDF shows the table of down payments required - 5% down up to $500,000 and escalating after that. The report goes on to talk about Rebates available for First Time Buyers In British Columbia, Canada.