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Tag: down payment

How my wife and I saved a $200,000 down payment

Saving the required down payment can be a major obstacle for first-time home buyers. Here’s how one couple did it.

A couple of years back, my wife and I became first-time homebuyers. This itself isn’t anything special since many Canadians own their homes, but what people are shocked to hear is that we had a down payment of $200,000. Most people assume that we had help from our parents (which we did), but the majority … read more