Canadian Minimum Down Payment

Enter a home purchase price to see the minimum down payment required under Canadian rules, plus your base mortgage amount.

Home purchase price

$100,000$3,000,000

How it's calculated

• Homes ≤ $500,000: 5% of the purchase price.
• Homes $500,001 – $1,499,999: 5% of the first $500,000 + 10% of the rest.
• Homes ≥ $1,500,000: 20% of the full purchase price.

Minimum down payment

$50,000

Down-payment %

6.67%

Base mortgage

$700,000

Breakdown

First $500,000 × 5%$25,000

Remaining $250,000 × 10%$25,000

Minimum down payment$50,000

Base mortgage amount$700,000

Heads up: mortgage-default (CMHC) insurance generally applies when your down payment is less than 20%.

Closing costs (land transfer tax, legal fees, adjustments) are separate and not included in this estimate.

Worked example — $1,000,000 home

First $500,000 × 5% = $25,000
Remaining $500,000 × 10% = $50,000
Minimum down payment = $75,000
Base mortgage amount = $925,000

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