Down Payment Calculator
Calculate minimum down payment and savings timeline for a Canadian home.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
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Down Payment Target
$60,000.00
10% of $600,000.00
Minimum Required
$35,000.00
5.8%
Still Need to Save
$40,000.00
Time to Save
2.3 years
CMHC Insurance
Required
Down payment under 20%
Frequently Asked Questions
What is the minimum down payment in Canada?
5% on the first $500K, 10% on the portion between $500K-$1.5M, and 20% on homes $1.5M+. Homes over $1.5M cannot be insured.
Official Data Sources
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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