The minimum depends on the purchase price. Homes under $500,000 require 5%, homes between $500,000–$999,999 require 5% on the first $500,000 and 10% on the remainder, and homes at $1,000,000 or more require a minimum of 20%.

First-time buyer in Nova Scotia? The Down Payment Assistance Program (DPAP) offers an interest-free loan of up to 5% of the purchase price, repaid over 10 years. A great option worth exploring.

A mortgage professional can help you figure out exactly what you’ll need — and we’re always happy to point you in the right direction. Click here to out our Pre-Approval Request Form.