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How Much Do You Need For A Down Payment On A Home In Canada?

Every aspiring homeowner dreams of owning a house, but saving for a down payment is a significant hurdle. A 20% down payment is recommended to reduce debt, interest, and insurance costs. Saving strategies include budgeting, cutting expenses, selling items, paying off debts, and utilizing savings accounts. Borrowing for a down payment is an option, but caution is advised due to high interest rates and lender restrictions.

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