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24 May

Minimum Down Payment Cheat Sheet


Posted by: Eileen Craig

In February 2016 new mortgage rules came into effect the changed the minimum down payments required for mortages based on home values.  

The new rules require a minimum of 5% down for the first $500,000 and 10% down on the portion above $500,000 to a maximum of $1,000,000.  

Here’s a handy-dandy cheat sheet for calculating down payments under the new CMHC rule:


Minimum Down Payment Calculator


Click here to download the cheatsheet PDF:  EC_-_MinPaymentCalculator.pdf

Any questions?  Please give me a call!

Eileen Craig



Eileen Craig, Independent Mortgage Professional
DLC and Sea to Sky Mortgages
7003 Nesters Road, Whistler, BC, V0N 1B7
Direct: 604-698-8583


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