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      09-18-2012, 03:36 PM   #2
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Drives: Frozen M3, AM V8V, 991 GT3
Join Date: Nov 2008
Location: Toronto

Posts: 4,951
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Not sure how most mortgages would be structured. But 20% down or more is a good way to go as anything less is subject CMHC insurance premium which will be added to the mortgage. A down payment as little as 5% down is possible.

Good luck in your search. I live in the GTA, lots of choice, just be conscious of your possible commute depending on where you want to live and work.