If I buy a comcercial home (a shop on the first floor and a unit on the second) how many percents I have to pay as downpayment? Many thanks. Anthony

Greetings Anthony

Your question is similar to another already here, but perhaps you did not see it.

The key to your answer will be in the zoning.
In most cases, commerical zoning is not considered residential to most lenders. CMHC, Genworth and other insurers do not insure commercial properties as a rule.
What that means to you is that downpayments to buy commecial property are commonly 75% or 80% ltv, meaning you pay 25% as a downpayment.
Be aware - Interest rates on commercial are typically more than residential...sometime significantly more.
In banking, there are often exceptions to every rule...there are lenders that will provide 100% financing on a commerical building depending on the strength of the unit's value, the applicant and the lease income/ business income derived from the unit, but you do pay more in interest.
If the building is zoned residential, normal mortgage rules apply and you can purchase with as little as 5% down. If you have more questions, please reach me at steve.bucher@migroup.ca and I will have a local member of my team contact you.

Best regards

Steve