Smart Backup Down Payment Sources for Toronto Condos Several homebuyers and tenants dream of owning a home or real estate property in Toronto. First-time buyers of Toronto condos often find the down payment very demanding and challenging. This is because you need to pay at least 5% as a down payment for a condo. That will approve your application for an insured mortgage. If you are an investor who invests in condos for sale with a purchase price of over a million in Toronto, then... [read more]