10% vs 20% Down Payment 🇨🇦 Which Is Better in 2026? Full Buying Cost Explained

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10% vs 20% Down Payment in Canada 🇨🇦 | Which One Saves You More Money in 2026? 😳

Thinking about buying a home in Canada in 2026? 🤔

👉 Should you buy with a minimum down payment?
👉 Is 10% down better or should you wait for 20%?
👉 What are the real closing costs on a $650,000 property?
👉 How much extra cash do you actually need before buying?

In this video, Yasir Khan REALTOR® (Licensed in Ontario, Canada) explains the complete home buying process in Canada, including down payment options, closing costs, mortgage considerations, and hidden expenses buyers often forget.

🎯 What You’ll Learn in This Video

✔ 10% vs 20% down payment comparison
✔ Buying cost breakdown for a $650,000 property
✔ Mortgage insurance explained
✔ Closing costs buyers must prepare for
✔ Extra expenses during home purchase
✔ What may be better in today’s 2026 market

💰 Example: Buying a $650,000 Property

We explain:

🏠 If you buy with:
✔ 10% down payment
✔ 20% down payment

👉 What changes in:

• Monthly mortgage payments
• Mortgage insurance costs
• Interest savings
• Cash needed upfront
• Overall affordability

📊 What Are Closing Costs in Canada?

Many buyers only think about the down payment 😳
But extra costs may include:

✔ Land transfer tax
✔ Lawyer fees
✔ Home inspection
✔ Mortgage setup costs
✔ Title insurance
✔ Adjustments & miscellaneous costs

👉 Buyers should always prepare additional funds beyond the down payment.

⚖️ 10% vs 20% Down — Which Is Better?
✔ 10% Down Payment

• Lower upfront cash needed
• Enter market earlier
• Higher mortgage amount
• Mortgage insurance required

✔ 20% Down Payment

• Lower monthly payments
• Avoid mortgage insurance
• Better long-term savings potential
• Higher upfront cash requirement

👉 The best option depends on your financial situation & long-term goals.

🧠 Important Advice for Buyers

✔ Don’t focus only on monthly payments
✔ Understand total ownership costs
✔ Plan emergency savings
✔ Review affordability carefully
✔ Speak with licensed professionals before buying

📈 2026 Market Reality

• Interest rates remain important
• Buyers becoming more cautious
• Affordability challenges continue
• Financial planning matters more than ever

👨‍👩‍👧 Who Should Watch This?

✔ First-time home buyers
✔ Families planning to buy in Canada
✔ New immigrants
✔ GTA home buyers
✔ Anyone confused about down payments & closing costs

This video explains the real cost of buying a home in Canada in 2026 and helps buyers understand whether 10% or 20% down may work better for them.

📲 Social Media & Contact Info

YouTube: @YasirKhanCanadaWala
Facebook: facebook.com/yasirkaysath
Email: Yasirkaysath@gmail.com

Yasir Khan REALTOR® (Licensed in Ontario, Canada)
📞 647-896-6227 | 905-240-6777
🏢 RE/MAX IMPACT REALTY BROKERAGE
📍 1413 King St E, Courtice, ON L1E 2J6, Canada

⚠️ Disclaimer

This video is for educational and informational purposes only and should not be considered financial or mortgage advice. Please consult licensed mortgage and financial professionals before making decisions.

🔍 Tags

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📌 Hashtags

#CanadaRealEstate #DownPayment #MortgageCanada #FirstTimeHomeBuyer #ClosingCosts #TorontoRealEstate #CanadaHousing #GTAHomes #HomeBuying #MortgageTips #Canada2026 #PropertyInvestment #YasirKhanCanada

Видео 10% vs 20% Down Payment 🇨🇦 Which Is Better in 2026? Full Buying Cost Explained канала Yasir Khan ( Canada Wala )