Neither program changes the minimum down payment itself, which stays 5 percent on the first $500,000 of the purchase price and 10 percent on any amount above that. What they change is where the cash comes from and whether it grows tax-sheltered while you save toward it.
A couple buying together can combine both spouses' Home Buyers' Plan withdrawals and both FHSA accounts, which meaningfully raises what a household can put down before hitting the CMHC, Sagen or Canada Guaranty insurance threshold at 20 percent down.
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