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.
0:35 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 deposits or real estate, text or call Lawrence Mak at (416) 276-4895.