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If you're in Canada I think you'll need minimum 5% down. You'll have to get mortgage insurance with that small of a down payment too.
If you can scrounge up 25% you don't need mortgage insurance.
Just get together the last 3 years income tax returns and head to a bank and get preapproved. They'll tell you exactly how big a mortgage they'll allow you to have. There's online calculators that do the same thing, but they don't take into effect other things like your credit rating, etc.
I'm finally building my dream house this year, a log home on 8 acres in the country this year. I can't fucking wait.
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