A host of private lenders offer low-down-payment loans. In addition, there are government programs to help cash-strapped buyers.

Some financial institutes also offer this option but generally there are conditions attached and you must qualify the requirements.

Thousands of Canadians are able to realize a dream of home ownership with low down. This is achieved through CHMC Mortgage Loan Insurance. Insurance is required when a mortgage loan is more than 75% of the purchase price of the dwelling. With CHMC insurance home buyers are able to purchase a property with as little as 5% down. For example the first time buyers pay 2.5% premium on the mortgage at 5% down.