^ Agreed it's pretty sketch; basically circumventing CMHC's minimum 5% down payment rules. Bank helping their clients live even FURTHER outside their means, pretty disconcerting.
Every bank is clamoring hand over fist to lock in buyers before rates go up and/or market corrects.
More info on the program:
https://www.vancity.com/Mortgages/Ty...PaymentHelper/
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Quote:
Originally Posted by skyxx
Sonick is a genius. I won't go into detail what's so great about his post. But it's damn good!
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