In Canada, the minimum down payment you need to make depends on the purchase price of the home:. For instance, if you want to purchase a home for $750,000, you will need to pay 5% on the first ...

Step 1: Decide if home ownership is right for you. In a real estate-obsessed country like Canada, it’s easy to feel pressured to buy a house. But homeownership isn’t a shortcut to a worry-free ...

Much of those sales were concentrated in the pricier single-family home sector, with house sales up 21.2% from May 2024. Those strong sales pushed the average home price in St. John’s up by ...

No. Canada has specific rules around minimum down payments that have been in place since 2008. You’ll have to put at least 5% down to get a mortgage for a home priced less than $500,000.