Read my following comment in brackets. Why would you want to start over and again be paying a premium for CMHC insurance?Originally posted by ercchry
What? Owner occupied=5% down
The person in the example has just hemmoraged cash by selling at a loss. Why would they then plan to hemmorage further because they didn't account for a 20%+ down payment on their next house. Yea obviously they are downgrading so they wouldn't need the full 20% of the house they're selling assuming they sell and then buy houses that both track the trend, I'm being conservative. Say 15% then.