Error: If you are self-employed in Canada and are trying to purchase a home but do not show your annual income on your tax returns, you will require at least 10% downpayment.

Error: If you are self-employed in Canada and are trying to purchase a home but do not show your annual income on your tax returns, you will require at least 10% downpayment.

Error: Mortgage rules in Canada require at least 5% downpayment.

Error: Most lenders only provide a maximum mortgage term of 10 years.

Error: The maximum amortization period for a Canadian mortgage is 35 years.

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