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

Household gross income (annual)

Before-tax income for everyone on the application. Include CCB, EI, and other regular government payments.

Monthly debt payments

Car loans, credit-card minimums, student loans, lines of credit. NOT rent, utilities, or phone bills.

Interest rate (contract)

Amortization (years)

25 is the insured standard. 30 is available for first-time buyers and new builds.

Down payment available

Blank uses the 5% minimum (10% above $500K). Enter more to raise the price.

Property cost assumptions

Annual property tax

Blank estimates 1.1% of the home price. Override with your local rate.

Monthly heating

Monthly condo fees (if any)

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%. Last verified .
Debt-service caps: GDS up to 39% (housing only), TDS up to 44% (housing plus all other debt). Insured-mortgage defaults. Last verified .
Down payment rules: 5% on the first $500K, 10% on the portion from $500K to $1.5M, 20% required at $1.5M and above. Last verified .
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. Last verified .
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.