CMHC (Canada Mortgage & Housing Corporation) is offering to qualified buyer's purchasing a qualified property 95% financing and 5% cash back at closing. The buyer's must provide proof prior to closing that they have the required funds for costs and adjustments at closing. These costs typically are legal fees, tax adjustments, possibly utility adjustments and land transfer tax. First time buyer's are still getting a break on the land transfer tax.
If you have questions please feel free to contact me and I will get the answers for you.