Minimum down payment requirements:

Down payment amounts

 

Home price
$450,000 $850,000 $1,500,000
First $500,000 x 5%
$22,500
$25,000
N/A
More than $500,000 and less than
$1,000,000 x 10%

N/A
$35,000
N/A
More than $1,000,000 x 20%
N/A
N/A
$300,000
Total down payment
$22,500
$60,000
$300,000

Your down payment affects the type of mortgage you get

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Get up to $35,000 from your RRSP when buying your first home

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