u/tasar_

I'm a Physician and I moved from GTA to near Belleville and decided to rent until I could find a house I want to buy. I found a developer building about 40 houses about 50km east GTA. The price is just under 2 million, and I have 20 percent for a down payment.

But apparently the rules change when your out side the GTA, you can put down 20 percent on the first 1 mil, but 50 percent of the rest of the purchase price.

I was not prepared for this. Saving another 400k is not in my realm. Anyone have any ideas of my options?