A condo or townhouse in Stonebridge typically needs less cash up front than a single-family home, since the minimum down payment of 5 percent on the first $500,000 applies to the purchase price you are actually financing, not a citywide average. CMHC, Sagen or Canada Guaranty insures anything under 20 percent down, with PST charged on that premium at closing.
Budget for legal fees of $800 to $1,500 and a home inspection at $400 to $600 on top of the down payment, since Stonebridge's mix of new-build and slightly older resale stock makes an inspection worth the cost even on newer construction.
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