Affordability Calculator
How much can I afford?
Plug in what you make, what you owe, and what you've saved. The numbers update as you type. The stress test, GDS/TDS ratios, insurance premiums, and down payment rules are all running in the background.
Your numbers
Combined before-tax income for everyone on the application, from all sources. Include child benefits (CCB), EI, and other regular government payments.
Car loans, credit-card minimum payments, student loans, lines of credit. NOT rent, utilities, phone bills, etc.
25 is the insured standard. 30 is available for first-time buyers and new builds.
Leave blank to default to the 5% minimum (10% on the portion above $500K). Enter more to see a higher home price.
Property cost assumptions
Leave blank to estimate at 1.1% of the solved home price. Override if you know your local rate.
50% of condo fees count toward GDS, per CMHC.
What this calculator assumes
- Stress test (OSFI B-20)
- Qualifies you at the greater of contract rate + 2% OR the MQR of 5.25%. Source last checked .
- Debt-service caps
- GDS up to 39% (housing only), TDS up to 44% (housing plus all other debt). Insured-mortgage defaults. Source last checked .
- Down payment rules
- 5% on the first $500K, 10% on the portion from $500K to $1.5M, 20% required at $1.5M and above. Source last checked .
- Mortgage insurance (CMHC, Sagen, Canada Guaranty)
- Required when loan-to-value exceeds 80%. Premium is added to mortgage principal and ranges from 0.60% to 4.00% by LTV bracket. Source last checked .
- Insured cap
- Homes priced at $1.5M or above cannot carry default insurance, so 20% down is the practical floor.
- Compounding
- Canadian fixed-rate convention: semi-annual, not in advance.
- Property tax
- Estimated at 1.1% of the solved home price, iterated against the solver so the figure reflects the answer. Override with a specific dollar amount in the inputs if you know your local rate. For a pre-approval, run the real number with Tyron.
This page is for informational purposes only. Calculator results are estimates based on the inputs you provide and current Canadian mortgage qualifying rules; they are not a pre-approval, commitment to lend, or guarantee of rate or term. All applications are subject to lender approval, credit verification, and property appraisal.