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Bill Morneau moves to tighten mortgage market, boost down payments – Politics – CBC News

It's a perfect time to increase down payments....NOT! Starting in February, the Canada Mortgage and Housing Corporation will require a 10 per cent down payment for the portion of any mortgage it insures over $500,000. The current five per cent rules remains for mortgages under $500,000.

Source: Bill Morneau moves to tighten mortgage market, boost down payments - Politics - CBC News

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