The accepted sources for a down payment are as follows:
The lenders preferred method for down payment. You will need a 90 day history from all your savings account or investment accounts at the time of application.
Gifted down payment from a immediate family member. ie parent, grandparent, sibling. Other upon approval by lender.
Borrowed down payment or sometimes referred to as flex down payment. With this form of down payment you must be able to qualify with our mortgage calculations to debt service the borrowed funds, you must also have a minimum 650 credit score.
In Canada the minimum down payment for a home under $500,000 is 5%. If you purchase a home over $500,000 and less then $1 million, the minimum down payment is 5% for the first $500,000 plus 10% of the amount over $500,000. For a home that cost $1 million or more, the minimum down payment is 20%.