Can i still get O% down and if so what is the rate? My credit is 680-700

They are still available as "cash back" programs. This works by adding the deposit to the mortgage and charging a higher rate to pay off the deposit over the term of the mortgage.
Rates vary by Bank.
Remember if you have an RRSP you can use up to $25K from your fund and/or a gift from family or friend as a depost which may allow you to qualifty for the lowest current mortgage rates.

Still possible through some lenders but not recommended. As Dale mentioned, it will end up costing an exorbitant amount in interest costs in the long run.

They are still available as a"free down" with a higher interest rate. I work with a Mortgage specialist at Scotia Bank that has an available rate of 5.29%. If you would like her contact info please call me @ 905-269-8787

I currently have a 5.5% Cash Back promotion in place,up to a maximum of $25,000.00 which can be used as a downpayment, Based on the current 5 yr posted rate,Its a great options if you do not have a downpayment, and want to buy your home now. Please feel free to contact me to discuss the details.

Sarah Ramkissoon
Mortgage Development Manager,
National Bank financial Group
416 371 2092

Well i could connect you with my mortgage broker who does some amazing things to help my clients. As long as you have a good enough credit, he could help you get a mortgage with no money down and with a good rate. Contact me if you have any questions

All these answer are correct, however it will take you an exceptionally long time to obtain equity in your home. You have to investigate the payout penalties if you chose to sell your home before the 5 years are up. If the markets and economy take a down turn again you will find yourself on the underside of your mortgage.

You may want to consider renting for a while but yes there are 0% options still available.

Hi,
We have access to a great program at 5.13% (5 year posted + 1%). Not available to most brokers - but a very reputable lender at branch level and no fees involved.
At this rate, it's actually a better deal than the old 100% financing - IF and only IF - you are going to keep the mortgage for the entire 5 year term.

for 0 down right now rate is 5.69%

Greetings
National Bank and Scotia Bank have true 0% down mortgages, TDCT and other banks offer a cash-back option, but that money cannot be used for downpayment.
The 0% down option is excellent for a person in an area with high rent or ambitions of owning your home today. The downside, is that your payments will be higher, it is harder to qualify and you will have a clawback of your 0% down if you sell before the 5 yr term is complete. I really like this product.

Best Regards

Steve

Don't forget to sign up to win $25000 at www.mikamloops.ca or http://nowican.ca/?id=41000355

Hi Colin,
Buzz me - we have a lender offering zero down at 5.13% currently. I'll help you get introduced if you like.

Yes, but you will have to pay for it in the long run

There are several lender offering cash-backs (up to 8% at one) at the maximum 95% financing.
Rates are at posted 5 years to 7 years depending on the lender, from 5.19 to 5.4%.
Restrictions are you must stay the course with the lender for the term otherwise there is a claw-back of the cash-back if you leave early.
Once the term is up, you will only owe your mortgage the cash-back is paid off and you can renew your mortgage at the prevailing best rates & terms.
This may not be the only option and we should talk to understand your needs.

Peter K Yeung
Broker-Accredited Mortgage Professional (AMP)
Real Mortgage Associates Inc
416-466-0033
pyeung@rmabroker.ca
www.rmabroker.ca
peter@ariesenterprise.com
www.ariesenterprise.com
Lic # M08000585 - Brokerage # 10464