No Down payment. Here are some options

While technically insurers (ie: CMHC) do not allow for “no down payment“, there are a few options that are allowed. Did you know that you can borrow your down payment and closing costs from a credit card, unsecured line of credit, or loan? Not all lenders will allow this, but as a mortgage broker I know all the lenders that do and you still get the BEST rates just like the bank rates. There are also mortgages that have a "cashback" component that can be used towards closing costs (legal fees and property transfer taxes) BUT NOT DOWNPAYMENTS>