A conventional mortgage in Canada normally requires a down payment of at least 20% of the purchase price. When homebuyers have less than 20% for a down payment, Mortgage Insurance allows them to secure a mortgage for their home purchase. Tailored Mortgage Insurance products from Genworth Canada can help you achieve the dream of homeownership sooner and with as little as 5% down.

  • A conventional mortgage in Canada normally requires a down payment of at least 20% of the purchase price. When homebuyers have less than 20% for a down payment, Mortgage Insurance allows them to secure a mortgage for their home purchase.
  • When looking to buy your first home, the size of your down payment will help determine which mortgage option is best suited for you.
  • Review our handy mortgage glossary of common phrases that newbie buyers need to know. Here’s an A-Z guide to the key mortgage speak you’ll be using in the weeks and months to come...
  • For many people, the hardest part of buying a home is saving enough money for a down payment. The bigger the down payment, the smaller the amount of your mortgage loan. If you've arrived in Canada within the last 36 months or less, you may qualify for Genworth's New To CanadaTM product,…
  • Today’s typical first-time homebuyer is a Canadian-born, university-educated millennial who, with their significant other, is purchasing a home to raise a family in. So says the Genworth Canada First-Time Homeownership Study (FTHS), released April 2017 for Genworth Canada’s Homeownership Education Week. Behind the stats, there’s more to this story, however.…
  • It’s often the largest purchase canadians will make, but many enter into the great adventure of homeownership without completing the proper financial homework.

Achieve the homeownership dream sooner