If you are working in Canada and have good credit history, you can buy with as low as 5% down payment. If you are working outside Canada, have a good credit rating and relationship with a reliable bank that has a strong presence in Canada, you might be sanctioned 20% or more.
What is the minimum down payment to buy a property in GTA?
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About the Author: Amit Kalia
Amit is a full time local REALTOR® with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. Team Kalia serves property sellers, first time buyers, investors, landlords, new immigrants and non-residents in Mississauga including Square One City Centre area. Team Kalia offers a 30 Days Sold Guarantee to Sellers. They also provide tenant finding services to their investor clients.