Mortgage Affordability Calculator Canada

Find out the maximum home price you can qualify for based on your income, debts, and down payment. This calculator applies the Canadian federal mortgage stress test and uses GDS/TDS ratios required by all federally regulated lenders.

Your Financial Details
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Car, student loans, credit cards

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Monthly Housing Costs

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$

Stress Test Applied

Your contract rate of 5.50% qualifies at 7.50% (the higher of rate + 2% or 5.25%).

Maximum Purchase Price

$557,929

Maximum Mortgage

$457,929

Est. Monthly Payment

$2,795.16

Stress Test Rate

7.50%

GDS Ratio

39.00%

TDS Ratio

44.00%

Debt Ratio Analysis
GDS (Gross Debt Service)
39.00%

Housing costs ÷ gross monthly income. Must be ≤ 39%.

TDS (Total Debt Service)
44.00%

All debt payments ÷ gross monthly income. Must be ≤ 44%.

CMHC Insurance Required

Your down payment is less than 20% of the purchase price. Estimated CMHC premium: $12,822 (added to your mortgage).

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This calculator gives estimates. Sudhir Patel will run your full application across 40+ lenders and tell you exactly what you qualify for — at no cost to you.

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Frequently Asked Questions