Home Affordability Calculator
Find out how much house you can afford in Canada. Calculates maximum price using GDS and TDS ratios, the mortgage stress test, and minimum down payment rules.
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Lenders count 50% of condo fees
Qualify at the greater of rate + 2% or 5.25%
What you can afford
Maximum purchase price
$565,455
Limited by TDS
Maximum mortgage
$465,455
Qualifying rate 6.79%
Gross monthly income
$10,000GDS housing budget (39%)
$3,900TDS budget after debts (44%)
$3,800Available for principal & interest
$3,200Down payment as % of price
17.7%Minimum down required
$31,546Estimated CMHC premium
$13,033Down payment meets the minimum
A pre-approval from a licensed mortgage professional is the only way to confirm what you qualify for. Lender ratios and policies vary.