Minimum Down Payments: EXPLAINED (Everything you need to know)

Описание: Here is everything you need to know about minimum down payments in Canada, specifically, Ontario. Many people believe you always need 20% down, which isn't always the case for your primary residence. In this video, I will break down an example of what the minimum down payment is on a $700,000 home in Ontario as well as outline the additional closing costs that contribute to your total cash-to-close number.

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I am not a CPA, attorney, insurance, or financial advisor. The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. If you need such advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. or financial advisor. Some of the links and other products that appear in this video are from companies from which I will earn an affiliate commission or referral bonus. The price won't change for you but it helps me earn just a little bit when you purchase and it helps out the channel.