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
Prince Edward County, Ontario

Planning to purchase a home in Prince Edward County, 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 Prince Edward County's real estate market.

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Key Facts · Prince Edward County

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 — Prince Edward County, Ontario

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Mortgage Services · Prince Edward County

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lendsimpl serves Prince Edward County homeowners with a full range of mortgage solutions — from first purchase to refinancing, private lending, and equity access.

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FAQ

Purchase Calculator in Prince Edward County — Frequently Asked Questions

How much down payment do I need to buy a home in Prince Edward County?

In Prince Edward County, 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 Prince Edward County, Ontario?

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

Can I buy a home in Prince Edward County as a first-time buyer?

Yes! First-time home buyers in Prince Edward County 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.

Not sure which option is right for you in Prince Edward County?

Our specialists compare 50+ lenders to find the best solution for your situation — income, credit, property type. Free analysis, same day.

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Prince Edward County, Ontario

Home Purchase Calculator — Prince Edward County, Ontario

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Purchase Calculator in Prince Edward County — Frequently Asked Questions

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Purchase Calculator in Prince Edward County — Frequently Asked Questions

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Toronto & Area

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Prince Edward County, Ontario