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Explore >> Understanding Financing: The 5% Down Program Using your RRSP's   The 5% Down Program This program has been in existence since February 1992. Originally established by CMHC to assist recession-weary Canadians in purchasing their first home, it has now been extended to include non first-time buyers who meet the following criteria: Purchasers must occupy the home as their principal residence; Down payment funds must be derived from accumulated savings or a gift from an immediate relative; Maximum purchase price in the greater Toronto area is $250,000. Only single-family dwellings and legal duplexes qualify. Using your RRSP's   Greg Myers Sales Representative Gladys Lippai Broker Hilary Knight Sales Representative Direct Line: 416-699-9292  Fax: 416-699-8576 Email: mail@beachesrealestate.com RE/MAX Hallmark Realty Ltd., Brokerage 2237 Queen Street East, Toronto © 2002 - Beaches Real Estate.com