Down payment calculator Canada
Estimate minimum down payment, insurance triggers, and savings gaps for Canadian home buyers.
Estimate minimum down payment, insurance triggers, and savings gaps for Canadian home buyers.
Estimate minimum down payment, insurance triggers, and savings gaps for Canadian home buyers.
Project how long it'll take to save your down payment using a combo of FHSA, HBP, and TFSA. Choose your city to load real 2026 median prices, then enter your savings plan. Pair with the HBP calculator, FHSA room calculator, and closing-costs calculator.
Time to reach down payment
60+ yrs
Target down payment
$108,500
Home price
$1,085,000
CMHC minimum
$83,500
Already saved (TFSA + FHSA)
$0
HBP contribution
$0
Still need to save
$108,500
CMHC insurance required?
Yes
Calculate the minimum down payment required to buy a home in Canada in 2026, including CMHC insurance for purchases under 20% down. Uses 2026 OSFI rules: 5% on first $500K, 10% on $500K–$1.5M, 20% above $1.5M.
Q
What is the minimum down payment to buy a home in Canada?
A
Minimum 5% on the first $500,000 of purchase price, plus 10% on any portion between $500,000 and $1,500,000. Anything above $1,500,000 requires 20% down and is not eligible for CMHC insurance. On a $700,000 home, the minimum is $45,000 (5% × $500K + 10% × $200K).
Last reviewed 2026-04-21