Is There Such Thing As Zero Money Down In Canada?

Many people often gets confused when they use the terminology of buying a home with Zero Money Down. Although this statements gets thrown around very loosely in the Real Estate investor groups throughout Canada, what they really meant when they say zero money down is a scheme that they barrow money from the investor or so called raising capital to generate a downpayment required to buy a house.

This money is a borrowed money wether it is coming from you, your mom or pop, family members or joint venture partners. At the end of the day it is a borrowed money and required for you to pay it all back.

There is nothing wrong with barrowing money to make money for as long as you have the ability to pay it all back. After all, that's what our banks does anyways!

Alex Macale | Macale & Associates
C21 Leading Edge Realty Inc.
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