Latest Mortgage Rates Canada
Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.
Basic Terms
Down Payment
What is Down Payment?
The portion of the home purchase price you pay upfront. In Canada, minimum down payment is 5% for homes under $500,000, 5% on first $500k and 10% on remainder up to $999,999, and 20% for $1M+ properties.