Decision Tools
Move-Up Calculator Canada — Can You Afford a Bigger Home?
Find out if you can sell your current home and buy a more expensive one. Calculate your available down payment, new mortgage, and monthly payment increase. Free Canadian tool.
Your Current Home
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% of sale price
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Your Next Home
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%
years
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Frequently Asked Questions
What is a move-up buyer in Canada?+
A move-up buyer is an existing homeowner who sells their current property and purchases a more expensive one, typically to accommodate a growing family or improved financial situation. The proceeds from the sale are used as the down payment on the new home.
Do I need to sell my current home before buying a new one in Canada?+
Not necessarily. Bridge financing allows you to buy a new home before your current one closes, typically for 30–90 days. However, most buyers prefer to sell first to know exactly how much equity they have available for the next purchase.
What is the minimum down payment when moving up in Canada?+
The minimum down payment is 5% of the purchase price up to $500,000, 10% on the portion between $500,000 and $999,999, and 20% on homes $1,000,000 and above. For purchase prices over $1M, CMHC insurance is not available so 20% is required.