Good news in our GTA market—the insured mortgage cap just got a boost from $1M to $1.5M. What does that mean for you? Lower down payments on more homes.
Here's how it works:
• 5% down for the first $500K
• 10% down for homes priced up to $1.5M
• Homes over $1.5M still require 20% down
For instance, on a $1.1M home, your down payment could drop from around $220K to about $110K. That’s a serious difference for anyone looking to move up to a larger home.
Sometimes these numbers feel like jargon, but trust me—they work in your favour. If you have questions or want to see how it fits your situation, call me at 416‑467‑8627.
And if you know someone who could benefit, please share this email!
🏡 Thinking about buying? Let’s find the perfect home—on your terms. Get free access to off-market properties that aren’t listed online. Call me at 416-467-8627 to get exclusive access and explore your options!