That I don't know. The 30% down is for your typical condo that you lease out on a yearly basis. Generally speaking, Canadian financial institutions are much more conservative than in the U.S.
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Originally Posted by cd34
Yes, but, will they finance a property that doesn't have an 80% occupancy rate? Down here we have condo's built during the real estate boom that are 20% occupied - and while the condos are a fraction of their original price, banks won't finance them at all.
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