July 2026

Deposit vs Down Payment in BC: What Home Buyers Need to Know

Posted on Jul 07, 2026

By Julia Beeger, REALTOR® | Oakwyn Realty Ltd. | North Vancouver


One of the most common questions I get from buyers, especially first-time buyers here on the North Shore, is this: "Wait, I need a deposit AND a down payment? Are those not the same thing?"

They are not, and mixing them up can cause real stress at exactly the wrong moment in your purcha...

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