Down payment (syncs $ ↔ %)
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Minimum down payment rules (Canada):
• $500,000 or less → 5%
• $500,001–$1,499,999 → 5% of first $500k + 10% of remainder
• $1.5M or more → 20%
Must meet Canadian minimum down payment rules.
Approximate CMHC: 5–9.99% down → 4.00% | 10–14.99% → 3.10% | 15–19.99% → 2.80%. Premium is added to mortgage; PST not included.