There are several lenders now that offer zero down mortgages.  The trick is to find out YOUR individual circumstance, and match you up with that lender:

Although 100% financing is mostly reserved for the A credit population, there are several lenders that will allow people with slow or bruised credit to take advantage of this opportunity as well, but be prepared for higher rates. The rates are higher, but if you only need a few years to repair the damage from some bad credit history, it is worth it now to get into the booming Alberta Real Estate Market.  Renting only pays off someone else's mortgage.  In three years we can easily design a strategy that will allow you to qualify for the lowest discounted rates reserved for the good credit population.  If this may be you, contact us today.

The insurers in Canada are fnally on board!  You can now finance 100% of your purchase price and get the lowest discounted rates as long as your credit is A .  40 year amortizations also allow you to qualify for MORE house than ever before.  Using this new program allows you to get into the housing market without struggling with saving for that 5 or 10% down payment.  What are you waiting for?  Need a great realtor?  We can help with that too!

Here is a REAL situation that happened to one of my clients:

Called me because the most the lender would pre-approve them for was $185,000.  Stay at home mother and husband worked at same job for 6 years.  Made a decent amount of money, and credit was excellent.  They only had saved $8,000 for a down payment.  Problem was they had a $8000 car loan with $791 month payments, it was killing them.

They wanted to put money down, they did not want to go the zero down route, but were frustrated because they knew they would be hard pressed to find a property in Calgary for $185,000.  I could get them a purchase with only 3% of the purchase price down, and a 40 year amortization, but that would only allow them to qualify for $200,000.

This is what I suggested:

PAY OFF the car with the $8,000 that they saved.  This drastically improved their debt service ratios.  It improved it SO WELL actually, that they qualified to buy a $330,000 house at lowest discounted rates and a 40 year am!!  THEY WERE THRILLED.  They went from their bank very discouraged, to suddenly realizing they can now buy a home that suits them!  Call me today to discuss your own personal needs!

I design ZERO down to suit YOUR needs!