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  Canada Immigration Forum > About Canada > Real Estate & Mortgages > Buying a Condo without any downpayment , is it possible ?
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Buying a Condo without any downpayment , is it possible ?

Senior Desi
Member since: May 15

Posts: 202
Location: Toronto

You forgot to add..

Property Tax - 200-300$
Insurance - 50-100$
Utility - 100-150$

Also, Did you tell your Bank advisor that you are not going to put 20%, with 5% down payment, I guess maximum you can get 25yr amortization.

Post ID: 230963 13-04-16 12:13:47
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Junior Desi
Member since: Oct 18

Posts: 1
Location: GTA

Advertising information edited out

Last edited by: Monica.admin on 15-10-18 16:18:50
Post ID: 237284 07-10-18 14:36:42
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Full House
Senior Desi
Member since: Oct 12

Posts: 2624


You earn a good salary. Now see what it is that you can afford as per the Calculations that are done by a Mortgage agent.:

There are good lenders and there are GREAT Lenders too. Check these websites and get to know them.


A test that is done to find out how much it will cost.:

Hope this helps you find out what it is that you earn as a salary and what you can afford to pay to live in it comfortably for the duration of the mortgage.


Last edited by: Full House on 07-10-18 21:20:11
Post ID: 237285 07-10-18 21:17:05
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