Canadian Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 6 years ago,
Purchasing my 3rd property
Hello,
This question is for my fellow Canadians; I currently own two properties, and I am/have already purchased a new construction condo. I have made the 20% payment to the developer and my closing is Sept 2020. Should I prepare to put down an extra 10% to secure a mortgage upon closing or will the 20% down payment pretty much guarantee me a mortgage? Which bank should I approach?
Thanks,
Ashar