How much do I need to make a down payment on a house in Ontario?

The new breakdown is as follows: For homes with a purchase price less than or equal to $500,000, the minimum down payment is 5%. For homes with a purchase price greater than $500,000, but less than $1 Million, the minimum down payment is 5% (of the first $500,000) plus 10% (of the remaining balance). For purchase of $1 Million and above, 20% down payment is required.