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Down-PaymentThis week’s Globe column looks at ways people scrape together down payments when they don’t have enough non-registered savings of their own.

It’s still perplexing that regulators let homebuyers borrow their 5% down payment from high interest sources, yet the government bans lower-interest cash-back down payment mortgages and 100% financing.

That’s not to say that borrowing a down payment is advisable (it isn’t in most cases). It’s more a statement that there is regulatory inconsistency here, which is peculiar in a hyper risk-sensitive lending environment.

More via: Canadians can still buy a house without saving their pennies

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