New Graduated Minimum Down Payment Rules Effective February 15, 2016, the minimum down payment for new insured mortgages increased from five per cent to 10 per cent for the portion of the house price above $500,000. The five per cent minimum down payment for properties up to $500,000 remains unchanged. Finance Minister Bill Morneau announced these changes in December 2015. There had been a buzz around down payment increases for quite some time. And, given the alternative – increases... [read more]