For an average Barrie home (about $800,000), the minimum down payment is roughly $55,000, or $160,000 to put 20% down and skip mortgage insurance.
The minimum down payment for an average Barrie home ($800,000) is about $55,000 in 2026 — 5% on the first $500,000 and 10% on the portion above. Putting 20% down ($160,000) avoids CMHC insurance. Illustrative, not advice.
| Scenario | Down payment |
|---|---|
| Minimum (insured) | $55,000 (6.9%) |
| 10% down | $80,000 |
| 20% down (no insurance) | $160,000 |
Under 20%% down you also pay CMHC mortgage-default insurance (about 4.00%% of the mortgage at 5%% down). Learn more on the CMHC insurance calculator and down payment guide.
A cottage-country commuter city that surged as remote work widened the GTA's reach. Remember the down payment is only part of the upfront cost — budget for land transfer tax and legal fees too. See land transfer tax by province.
About $55,000 on an average Barrie home — 5% on the first $500k, 10% above (illustrative).
No — you can buy with as little as 5%%, but under 20%% you pay CMHC mortgage-default insurance.