How much down payment do I need to buy a home in Ontario in 2026?

In Canada, the minimum down payment is 5% for homes up to $500,000, 10% on the portion between $500,001 and $1,499,999, and 20% for homes $1.5 million or above. CMHC mortgage insurance is required for down payments under 20%.

Can I use rental income to qualify for a larger mortgage in Ontario?

Yes. Many lenders allow you to offset up to 50–80% of projected rental income against your mortgage payment when qualifying. This can significantly increase your borrowing power for investment properties.

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