Canadians are very conservative and most have reasonably healthy down payments. (remonline.com)
Down Payment Amount: A healthy down payment will reduce your monthly mortgage payments and help you avoid having to pay for Private Mortgage Insurance (PMI). (treesfullofmoney.com)
You also may have trouble buying a car if your home - loan payments don't allow you to save enough for a healthy down payment of 20 percent. (sapling.com)