Down Payment Requirements in Canada
Canada's minimum down payment rules depend on your purchase price. We cover the exact thresholds, how CMHC default insurance is triggered, the best registered accounts to use for saving, and how your down payment affects your monthly payment.
What you will learn
- Eligibility criteria and documentation required
- Step-by-step walkthrough of the process
- Numbers to run before you start house-hunting
- Common mistakes first-time buyers make — and how to avoid them
Overview
Canada's minimum down payment rules depend on your purchase price. We cover the exact thresholds, how CMHC default insurance is triggered, the best registered accounts to use for saving, and how your down payment affects your monthly payment. This guide covers everything Canadian homebuyers and homeowners need to know — from the basics to the strategies that can save you thousands over the life of your mortgage.
Our mortgage experts have analyzed data from hundreds of lenders and thousands of Canadian mortgage transactions to give you the most accurate, up-to-date guidance. Whether you are just starting to research or ready to make a decision, this guide will give you the clarity to move forward with confidence.
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Every mortgage situation is different. A licensed broker can apply this guidance to your specific numbers — for free.
Full Guide Coming Soon
Our editorial team is finishing this guide. It will include step-by-step walkthroughs, worked examples with real Canadian numbers, lender comparisons, and strategies tailored to your situation. Check back soon — or use the form to get expert advice now.
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Licensed brokers can apply this guidance to your specific situation — free.