Background for housing rookies: If you have a down payment of less than 20 per cent, you have to pay a hefty premium to insure your lender in case you default on your payments.
http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/some-housing-markets-too-hot-for-traditional-down-payment-wisdom/article26532772/
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NEW PRICE $1,169,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)
Photo courtesy of TOURISM VANCOUVER
Photo courtesy of TOURISM RICHMOND
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