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.

Home Purchase Specialists · Ontario

Purchase Calculator
Brant, Ontario

Planning to purchase a home in Brant, Ontario? Use our purchase calculator to estimate your total home buying costs, including down payment, CMHC insurance, and monthly payments. Get a clear picture of what you can afford in Brant's real estate market.

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Key Facts · Brant

Minimum down payment

Min down payment5% of price

CMHC max premium4.00%

FHSA annual limit$8,000/yr

Stress testOSFI B-20

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Home Purchase Calculator — Brant, Ontario

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Mortgage Services · Brant

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FAQ

Purchase Calculator in Brant — Frequently Asked Questions

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

In Brant, Ontario, the minimum down payment is 5% for homes under $500,000, 10% on the portion between $500,000–$999,999, and 20% for homes $1 million+. CMHC insurance is required for down payments under 20%.

What is the average home price in Brant, Ontario?

Home prices in Brant vary by neighbourhood and property type. Use our purchase calculator to estimate your total costs based on your target price in Brant, including down payment, CMHC insurance, and closing costs.

Can I buy a home in Brant as a first-time buyer?

Yes! First-time home buyers in Brant can access federal programs like the FHSA (First Home Savings Account), RRSP Home Buyers' Plan, and Ontario land transfer tax rebates. Our calculator factors in all first-time buyer benefits.