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The First-Time Home Buyer Incentive shared equity program decrease
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Insured private mortgage lenders default insurance protects approved lenders against shortfalls forced selling foreclosed
properties governed by federal oversight and qualifying guidelines of providers like Canada Mortgage and Housing Corporation. The maximum LTV ratio for insured mortgages is 95% hence the minimum advance payment
is 5% in the purchase price. The Home Buyers Plan allows withdrawing around $35,000
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First-time buyers have usage of land transfer tax rebates, lower minimum down payments
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Homeowners can acquire appraisals and estimates from home loans on the amount they
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