Zero Down Mortgages: The Last Gasp From A Housing Bubble Ready To Pop?

Since the 2008 financial crisis Canada’s federal government has taken several steps to cool the nation’s housing market; namely reducing the short-lived 40-year mortgages to today’s 25-year amortization period, and eliminating zero down mortgages to require homebuyers put down a minimum five percent. These measures didn’t do much to slow down a rapidly rising real estate market, particularly in…

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