Purchasingand Financing a House

I. Finding the House $(1)$

You will need to find a home located in the City of Edmonton. Once you have found your home, you MUST submit, along with this assignment, a screenshot detailing the important information about your home $($square feet, number of bedrooms, etc.$)$ in the Appendix.

NOTE: Condominiums, townhouses, duplexes, and homes not located in the City of Edmonton are not acceptable for this case.

Now that you have found your home, please indicate the list price in the boxbelow. $4$

II$.$ Down Payment and Mortgage Amount $(2)$

Assuming that you will be paying the list price for the house, what is the minimum down payment, in dollars, that you will have to put down? Assume that you will make a minimum down payment of $5\%.$ Show your calculations. $(1$ mark$)$