Can you buy multiple properties at 5% down in Canada?

[Elijah Williamson]

I'm a big listener of the BP podcasts and have read most of the books they've recommended there but they're largely American and often talk about American real estate strategies. As both a new investor and a Canadian one, it's hard to tell what relates and what doesn't.

One particular question I have relates to a common strategy that is mentioned a lot on BP. Can I buy a property at 5% down, live in it for a year, then buy and move into another one at 5% down, turn my last primary into a investment property and continue to repeat this process?

I ask because I've been told by a few friends that you only get 5% on your first property then every other property is 20%. These friends are older then I but also have no REI experience so I'm not sure whether I can trust their knowledge on the subject.

As a side question. I'm running out of books to read and would love suggestions on specifically Canadian real estate ones as I feel I'm reading to many American ones.