Mortgages · Purchase
Before you make an offer, three numbers decide the rest.
The down payment, the qualifying rate and the monthly payment: that trio says what you can buy, not the price on the sign.
What this page covers
- Minimum down payment by price, and the threshold below which CMHC insurance applies.
- Qualifying rate: the lender tests you at a rate higher than the one you sign.
- Transfer tax, notary, inspection: the closing costs left out of most budgets.
For information only — not an approval, and not a rate offer. Figures and rates will follow once rate capture is in place.