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      09-18-2012, 05:32 PM   #3
fwmcb
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It depends, if you qualify for CMHC financing you can purchase mortgage insurance which will allow you to make a down-payment as low as 5%, assuming the purchase price is less thatn $1,000,000.00. But when you take this option, you pay a premium that varies based on whether you are self employed or not and on the value of the home. If you don't want to go that route, you have to put 20% down.

Check out this website http://www.cmhc-schl.gc.ca/en/co/moloin/moloin_003.cfm
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