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Canadian Down Payment Calculator

Compare your available savings against Canada's statutory minimum down payment requirements and the 20% conventional mortgage target.

Your Purchase Budget

Canadian Regulatory Framework

In Canada, residential purchase prices up to $500,000 require a minimum 5% down payment. For the portion between $500,000 and $1,500,000, 10% is required. Homes priced at $1,500,000 or greater require a full 20% down payment and are ineligible for CMHC or private default insurance.