For those wanting to purchase a residence, the Canadian housing finance system has made it possible to do so without paying the entire down payment. Buyers will be able to get the interest rate of a 20% loan while only paying at least 5% money down. How is this possible? This is made possible by buying loan insurance for the amount borrowed on the mortgage. Risk of the loan defaulting is reduced for the lender and the buyer is able to buy a home without making the entire down payment. Read More >