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@oikjp
A first-time homebuyer in Toronto buying a $1.5M home on Trudeau's new "5% down for 30 years" plan would pay: -$44,475 in land transfer taxes (after fthb rebate) AND $70,000 in CMHC fees ...... and then around $1,000,000 in interest NO ONE SANE IS GOING TO DO THIS.
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fgtsdewds
@szxswe
Unattractive long-term financial burden.
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