The Down Payment Delusion Calculator

📉 Min. Down Payment Rules: Calculated strictly by Canadian law. 5% on the first $500k, 10% on the portion up to $999k. If the home is $1M or more, an automatic 20% down payment is legally required.

🏠 Prices: Aggregated benchmark estimates from regional real estate boards (CREA) adjusted for typical inventory.

💸 Inflation: To keep the math simple (and prevent your brain from melting), this assumes 0% return on savings and 0% home appreciation. In reality, the house will grow faster than your savings anyway. Sorry.