What is a legal deposit size to buy a property?
Join Lawrence Mak and Brian Madigan as we discuss what a legal deposit size is during the purchase of real estate in Canada.
0:00 Start
0:35 What's the general size of the deposit?
0:50 What is the upper limit for a deposit size?
1:20 Can you put a $1M deposit for a $1M property?
2:10 How would you get around a "larger" deposit?
2:35 What is the purpose of having the deposit?
3:10 Can you put a small, $1,000 deposit?
For real estate expert witness testimony, talk with Brian Madigan
If you have any questions about rentals or Toronto real estate, don't hesitate to call or text me at (416) 276-4895.
Lawrence Mak, Real Estate Broker
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