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reply 1
 

5% downpayment in Toronto

I was wondering if anyone knows how to easily find the new condo developments in Toronto that accept 5% or 10% down payments without having to visit each developments sales office to find out.  I know that most require 20% but in the past I have seen some that take less.  Now that I am seriously looking I would like to easily see my options in Toronto (incl Etobicoke and North York area)
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Ontario / New Developments
 
 
 
ROY BHANDARI
Senior Buzzer
reply 512 vote 60
 
 
They are very rare.  You can sometimes find them when a developer has already started construction - but even then they are becoming more and more rare.

The Wyatt Condos just had a buy with 5% program.

Always be aware that you still need to come up with the balance at closing - if you are buying with 5% down it's even more important to speak to your bank about how much down payment you will need at closing so you aren't left scrambling for large amounts of cash when that time comes.  
 
 
 
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