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Please note that we do not offer a mortgage rate comparison service in Manitoba, Saskatchewan, or Quebec.
Your home’s purchase price determines the minimum down payment you can put towards purchsing your home. If you don't know the exact number an estimate is fine.
If the purchase price is:
Up to $500,000
Your minimum down payment is 5% of the purchase price
$500,000 to under $1,000,000
Your minimum down payment is 5% of the first $500,000 PLUS 10% of the remaining portion of the home price.
$1,000,000 or higher
Your minimum down payment is 20% of the purchase price