Minimum down6.7%
$50,000$28,000 insuranceMORTGAGE CALCULATOR
How much down payment do you need?
Compare Canada's minimum down payment with your plan, mortgage default insurance and the total amount financed.CANADIAN REQUIREMENTS
Down payment calculator
Compare down-payment levels
10% down10.0%
$75,000$20,925 insurance20% down20.0%
$150,000No insurance requiredCANADIAN DOWN PAYMENTS
Understand the cash and financing trade-off
Your down payment reduces the base mortgage. The minimum depends on purchase price, while the 20% threshold generally determines whether mortgage default insurance is required.
Current minimum structure
Homes up to $500,000 require at least 5%. Below $1.5 million, the portion above $500,000 requires 10%. At $1.5 million or more, the minimum is 20%.
Insured mortgages
Below 20% down, eligible mortgages generally require default insurance. The premium depends on loan-to-value and is commonly added to the mortgage.
Conventional financing
At 20% down, mortgage default insurance is generally not required, reducing the financed balance by the amount of the avoided premium.
30-year eligibility
For an insured mortgage, 30-year amortization is available to first-time buyers or buyers of newly built homes, subject to lender and insurer requirements.
Official rule sources
Rules were verified September 10, 2026 against current Government of Canada and CMHC guidance.
View federal down-payment guidance ↗EXPLORE URBYN