Skip to main content

Canadian Minimum Down Payment Calculator

Calculate the legal minimum down payment required to buy a home in Canada. The rules are tiered: 5% on the first $500k, 10% on the portion between $500k and $1M, and 20% on the entire amount if the price is $1M or more.

$

Minimum Down Payment Required

$40,000
Calculation Breakdown
5% on first $500k $25,000
10% on portion $500k - $1M $15,000
Total Down Payment Percentage 6.15%

Related Calculators

💡

Affordability Calculator

Maximum home price from GDS/TDS ratios and stress-test rules.

 🏠

Mortgage & Stress Test

Core payment calculator with stress test.

 🔑

First-Time Home Buyer (HBP & FTHBI)

RRSP HBP withdrawals and First-Time Home Buyer Incentive.

 🔄

Change in Use (Deemed Disposition)

Calculate deemed capital gains tax and Section 45(2)/(3) deferrals when converting a primary residence to a rental or vice versa.

 🏠

Secondary Suite Buying Power

Calculate extra mortgage power unlocked by a legal basement suite using CMHC rental add-back.

 🏢

Rent Control Exemption Premium

Calculate the extra property value created by having a rent-control-exempt building.

 🏢

Condo Fee Analyzer

Analyze condo fees, freehold equivalent power, and special assessments.

 🏢

Holdco vs Personal Tax

Compare the 50%+ corporate passive tax rate against personal brackets.

Suggested Properties

High Traffic Retail Plaza

High Traffic Retail Plaza

Excellent property available immediately. Great location and competitive price...

$0.00
Modern Industrial Warehouse

Modern Industrial Warehouse

Excellent property available immediately. Great location and competitive price...

$0.00
Luxury Suburban Home

Luxury Suburban Home

Excellent property available immediately. Great location and competitive price...

$0.00
Skyline View Condo

Skyline View Condo

Excellent property available immediately. Great location and competitive price...

$0.00