I'm in my mid 20's and I rent, but I see a lot of people I went to high school with starting to buy houses. I always thought you needed a down payment when taking out a mortgage to buy a house, but I'm pretty sure the people I know who have bought houses didn't put any money down. I'm just spitballing here but when I see them buying new cars and other nice things, I start to doubt they have 10's of thousands saved up to out towards a down payment. Of course, I don't want to ask them or even ask buddies of mine who recently bought houses since its kind of a personal question.
Read more: Can you buy a house without a down payment in Canada?
