What is the minimum down payment in Calgary?

Five percent on the first $500,000 and 10% on the portion from $500,000 to $1.5M. So a $500,000 home needs $25,000 down; a $700,000 home needs $45,000. Homes over $1.5M require 20%.

Can newcomers buy with less down?

Yes. Major banks offer newcomer mortgage programs that accept as little as 5% down and use alternative credit (rent, utilities, international history) when you do not yet have a long Canadian credit record.

For First-Time & Newcomer Buyers

Your Down Payment Roadmap

See the minimum down payment for your target home, the 20% mark that skips CMHC insurance, and exactly how many months until you get there.

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How much can you save per month?

Minimum down in Canada (2026): 5% on the first $500K, 10% on the portion from $500K–$1.5M, 20% above $1.5M. Newcomer mortgage programs may allow as little as 5% even without long Canadian credit — ask Mohammad.

Get a savings + buying timeline

Mohammad will map a realistic month-by-month plan to your first Calgary home — including down-payment help programs and newcomer-friendly lenders.

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