Frequently Asked Questions

Q: Is there a catch?

A:You must, at minimum, pay the interest you accrue every month; and Your overall balance owing can be no higher than 80% of your home’s appraised value.

Q: Are amounts in registered accounts applicable?

A:No. RRSPs, RESPs, RRIFs and Tax-Free Savings Accounts (TFSAs) are excluded.

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