I heard this on the weekend and I didn't know if true so i'll ask the experts here:
If you buy a house in Canada under 1 million you can put any amount down but putting down 20% avoids CMHC fees.
If you buy a house over 1 million you put 20% down for the portion of 0 to 1,000,000 and then anything over the 1 million dollar mark you have to put down 50%???
Ie.
Buy a house for $1,500,000 you have to put down 450k? This seems unobtainable for most people even the more well off ones.