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If you signed your purchase agreement for your freehold home before January 1, 2018, your deposit is protected by up to a maximum of $40,000.
If you signed your purchase agreement on or after January 1, 2018, your deposit coverage depends on the purchase price of your new home.
For example, if the price of your new freehold home is $600,000 or less, your deposit is covered up to $60,000.
If the purchase price is more than $600,000, you’re protected for 10 percent of the purchase price, up to a maximum of $100,000.
