Flexible down payment mortgages are a type of mortgage product that allows borrowers to put down a smaller down payment on their home than what is typically required. The minimum down payment for a mortgage in Canada is generally 5% of the purchase price for homes under $500,000, and 10% for homes over $500,000. However, flexible down payment mortgages may allow borrowers to put down as little as 1-2% of the purchase price.

Flexible down payment mortgages may be offered by alternative lenders, such as private mortgage lenders or mortgage investment corporations. These lenders may offer flexible down payment options to borrowers who are unable to come up with a traditional down payment, or who want to keep more of their money liquid for other purposes.

However, it's important to note that flexible down payment mortgages may come with higher interest rates and fees compared to traditional mortgages. Additionally, borrowers should be careful to consider the long-term affordability of their mortgage, as putting down a smaller down payment may mean that they are taking on more risk in the event that the value of their home decreases.