CDN Property Down Payment Calc

Canadian Property Down Payment Calculator (CPDPC) is a simple calculator to help calculate the down payment on a residential property in Canada. As of February 15, 2016, the Government of Canada has mandated a "hybrid" minimum down payment for new government backed insured mortgages on properties between $500,000 and $1,000,000. The minimum down payment structure is as follows:
- Property below $500,000 is 5%.
- Property between $500,000 and $1,000,000 is 5% for the first $500,000 and then 10% for the remaining value.
- Property above $1,000,000 is 20%.
Please note new construction may fall under a different down payment structure, please consult with a professional regarding this type of property purchase.
This simple calculator is to facilitate and speedup the "hybrid" down payment calculation but is not guaranteed to be accurate, please consult with a professional before making any down payments.
Version 1.3
- Minor graphics bug fixes.
Version 1.2
- Minor bug fixes.
- Graphics improvements.
Version 1.1
- Initial release of the calculator.