I hope that your year is off to a great start! Are you thinking about buying a new home this year? If so, I'm sure that you're probably considering and saving for a down payment. But, just how much do you need? Well, that depends on the price of your home.
Homes Under $500,000
In Canada, the minimum down payment for a home is 5%. So if you're buying a home for less than $500,000, you're required to put 5% down.
Homes Between $500,000 - $999,999