So CMHC changed the rules and you are require to put 5% down? Ummm… Vancity says nope.

We get it: saving for your first home can be a serious challenge -- especially here in BC. Even a 5% down payment can sometimes feel like an unattainable financial goal.

This video will give you a basic overview of how the Down Payment Helper Mortgage will match the amount you've currently saved for your down payment, up to a maximum of $12,500.

Who says you need 5% down in Vancouver?

(hat tip b5baxter)

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