I completely agree with you, but the facts are that a lot of people do buy with less than 20% down. nfitz - The tax applies to old and new houses.

I completely disagree with Josef's views. Josef, as has been discussed already, $400,000 is not a lot of money at all for a home in Toronto. The government should be trying to intensify the downtown core and not push people into the suburbs. Also, Josef, have you ever considered what will...