Minimum Down Payment Calculator
Find out the minimum down payment required for a home in Canada, using the federal tiered rules updated in December 2024.
Federal rules effective Dec 15, 2024: 5% on the first $500K, 10% from $500K to $1.5M, 20% above $1.5M. Homes under $1.5M with less than 20% down require CMHC, Sagen, or Canada Guaranty insurance.
Minimum down payment
$50,000
6.67% of the purchase price — 5% on the first $500K + 10% on the rest
This is a high-ratio mortgage — mortgage default insurance is required and added to your mortgage balance.
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