CMHC, Sagen and Canada Guaranty insure any mortgage with less than 20 percent down, and Saskatchewan applies PST to that insurance premium at closing, so a smaller down payment carries a real cost beyond the rate itself. A first-time buyer in Brighton comparing new construction against resale should get pre-approved before comparing rates, since a pre-approval locks a rate hold and tells you what you can actually offer.
Minimum down payment in Canada is 5 percent on the first $500,000 of the purchase price and 10 percent on any amount above that, and mortgages in Canada compound semi-annually regardless of the rate you land on, which changes how amortization schedules work compared to other countries.
A mortgage broker quotes rates. Joel Dyck's job is making sure the home you finance is priced right in the first place. Get your hand-reviewed valuation from Joel Dyck.