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What is the down payment ratio of China people buying a house in Toronto?
The current down payment for real estate can be divided into:
1. In the case of the first suite, the minimum down payment can be 20% for the purchase of a new house with an area of not more than 90 square meters;
2. In the case of the second suite, the minimum down payment for purchasing the property is 60%;
3. In the case of three suites, the bank that needs a loan may not approve the loan according to the house price;
4. In other cases, the minimum down payment is 30%.
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