Yes. Just to kind of lean into this, generally speaking, the larger share of mortgage originations, new mortgage originations in Canada, is uninsured, so for a down payment, uninsured, you have to have a down payment of more than 20%.
Director General, Financial Stability and Capital Markets Division, Financial Sector Policy Branch, Department of Finance
Yes. Just to kind of lean into this, generally speaking, the larger share of mortgage originations, new mortgage originations in Canada, is uninsured, so for a down payment, uninsured, you have to have a down payment of more than 20%.
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