Serving All of Ontario for Over 17 years, Helping People Buy Homes 866-559-5016


Your Options for a Down Payment on a House
in Ontario, Plus the Minimum Down Payment

 

 
The Minimum Down Payment for a Home in Ontario

 

First-time home buyers in Ontario may go as low as 5%. Usually a down payment on a house in Ontario ranges from 10% to 20% of the purchase price but can be more.

 

Conventional Ontario Mortgage

 

A mortgage loan that does not exceed 80% of the lending value of the property. The lending value is typically the lesser of the property’s purchase price and market value.

 

High-Ratio Ontario Mortgage

 

If your down payment is less than 20% of the purchase price, you will typically need a high-ratio mortgage requiring mortgage loan insurance. This premium may be added to your mortgage or paid in full upon closing.

Choose a Mortgage Product That Fits Your Needs

Click, and Select Your Mortgage Product Below

GET STARTED

Why Choose The House Team?

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English.

  • Lorem Ipsum is not simply random text.
  • Lorem Ipsum is not simply random text.
  • Lorem Ipsum is not simply random text.

It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout.

The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using 'Content here, content here', making it look like readable English.

  • Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Nullam dignissim convallis est. Quisque aliquam. Donec faucibus. This is a pullquote. Nam sit amet sem. Aliquam libero nisi, tincidunt nec, gravida vehicula, nisl.

    - John Doe

  • Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Nullam dignissim convallis est. Quisque aliquam. Donec faucibus. This is a pullquote.

    - Trevor

  • Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Nullam dignissim convallis est. Quisque aliquam. Donec faucibus. This is a pullquote. Nam sit amet sem. Aliquam libero nisi, tincidunt nec, gravida vehicula, nisl.

    - Angela

  • Lorem ipsum dolor sit amet, consectetuer adipiscing elit. Nullam dignissim convallis est. Quisque aliquam. Donec faucibus. This is a pullquote. Nam sit amet sem. Aliquam libero nisi, tincidunt nec, gravida vehicula, nisl.

    - Garnet

Compare Ontario Mortgage Rates

Simply Choose The Product That Meets Your Needs

    • Purchase

      Info.

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Learn More

    • Refinance

      Info.

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Learn More

    • Renewal

      Info.

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Learn More

    • Equity

      Info.

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Learn More

    • Commercial

      Info.

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Sample Text

    • Learn More
Get The InHouse Newsletter

Join over 2000 people who receive insider mortgage information, along with tips for around the home and money saving opportunities. Just enter you email address.

Help Refer Our Services

Our business relies on good words of others. Please take a minute to share our serivces.

Contact The House Team