Zero Down Payment
Over the past few years, many lenders have developed "no down payment" mortgage programs. Many of Canada's leading banks are involved in offering these types of mortgages.

Whereas in the past one needed a minimum of 5% of the purchase price saved up, or gifted from an approved donor, for a down payment, now purchasers who have sufficient income and good credit may qualify with no down payment saved. Often even if purchasers do have some down payment funds saved, they may still elect to apply for the no money down option in order to utilize their savings in other areas such as new appliances and furniture, upgrading flooring or even paying off higher interest credt card debts. Our comprehensive pre-approval process can indicate which of these plans you qualify for and the pro's and cons of each.