How Much Down Payment on a House Do You Need?
Monday May 6th, 2024
ShareWhen buying a house, one of the key financial considerations is the down payment. The down payment is the initial payment made towards the purchase price of the property and is typically expressed as a percentage of the total price. So, how much down payment on a house do you need? In Canada, the minimum down payment required depends on the purchase price of the property: For homes priced below $500,000, the minimum down payment is 5% of the purchase price. For... [read more]