Be reminded that if you are purchasing a home, all banks require a 90 day history of bank statements or investment statements confirming the funds have been in your account for the past 3 months.  If there are deposits over $2000, be prepared to provide further paper trail to those deposits.  If you are getting a gift from a family member that is helping towards down payment, then you will need a gift letter signed by your immediate family member.  See the next blog post on Gifted Down Payments. 

Other reminders on down payment confirmation, you can use online statements providing they have your name on them and not just an account number. 

If your down payment funds are not in a Canadian account, this could pose a problem.  Down payment requirements in Canada are required to be in a Canadian account for 45 days prior to funding (closing of the mortgage) 

If you ever have questions on down payment confirmation, easiest thing is to contact us here at the office.  604-552-6190 or email me at support@primexmortgages.com