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As I understand it you in Canada invest a sizable down payment when buying a house, like we did in the past. I am guessing you haven't had a housing bubble and don't have 9+% unemployment.
Au contraire, Mac. For years now one could get a mortgage with 0% down, although that just changed to a minimum of 5%. There's an economic downturn here too with an unemployment rate of 7.8%... not as high as you guys, but hurting nevertheless.
Live to love, love to live.
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