Calculate Your Required Down Payment Under The New Canadian Rules

As of February 14, 2016, new federal rules require larger down payments on some home purchases. If you’re a first-time buyer buying property less than $500,000, nothing changes. Over $500,000 however, there are changes that will definitely affect down payments.

If you’re uncertain about what the changes will mean for you and your family, have a look at this Royal Bank infographic to discover more:

https://discover.rbcroyalbank.com/calculate-your-required-down-payment-under-the-new-canadian-rules/

For more information about the current market or for details about the new mortgage rules, get in touch with Bill Brandsma at 403-932-4433.

Bill Brandsma Real Estate – specializing in Calgary and the surrounding area.