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This is one of the first costs you’ll need to plan for when buying a new home. Most people put 5% -20% down, so having a home price range in mind can help you save ahead of time. Also, if you put less than 20% down, you will need mortgage insurance. Here’s everything you need to know about Canadian mortgage insurance. Morrison Homes Area Managers can help give more insight into these costs, depending on your community and home you choose.
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