What Is The Minimum Down Payment For A Home In Vancouver?

Описание: In today's video, we'll answer a frequently asked question that is often posed by first-time home buyers & new buyers relocating to Vancouver, BC, Canada. We'll walk you through the 2 types of mortgages, Conventional & High-Ratio, as well as the minimum down payment requirements when purchasing a residential property in Vancouver, BC. Also, we'll be discussing how these down payment requirements may differ depending on whether you're a principal residence buyer or a residential property investor as well as how the purchase price could affect the minimum down payment required in order to obtain your financing.

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Link to the Gov't of Canada website: https://www.canada.ca/en/financial-co...


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📺 Watch some of our past videos:
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Life and Business in Vancouver, BC - Interview with Canada Living:    • Life and Business in Vancouver, BC - Inter...  

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Disclaimer: Hazem Sultan Personal Real Estate Corporation is licensed with RE/MAX Crest Realty. The opinions expressed herein are solely that of Hazem Sultan PREC* and not RE/MAX Crest Realty or the REBGV and should not be misconstrued as advice or the basis of an agency relationship whatsoever. Please consult your professional advisor prior to taking action on any decisions relating to the matters discussed in these videos. This communication is not intended to cause or induce a breach of any existing agreements(s) E.&O.E.