Mortgage & Affordability

Affordability Calculator

See how much home you can afford in Canada. Enter your income, down payment and debts — we'll apply the mortgage stress test, GDS/TDS limits and CMHC rules to your exact numbers. Look up an MLS listing to compare it against your budget.

Property Lookup (Optional)

Enter a Listing ID, street address, or postal code to auto-fill property details

Subject Property

No Property Selected

Use the Property Lookup above or enter an asking price to see a detailed comparison.

Property Address (Manual)

Asking Price

Enter the listing or asking price to compare with affordability

Your Financial Details

Annual Household Income

Combined before-tax income for all applicantsDown Payment

13% of max price (min $22,933)Rate Type

Fixed Rate

4.84%

Mortgage Term

Term is your rate lock period; amortization is total payoff timeAmortization

30 years

Monthly Debts

Car loans, credit cards, student loans

Annual Property Tax

Monthly Heating

Monthly Condo Fees

You Can Afford a Home Up To

$458,670

$2,212/mo

Your Afford Score

AggressiveStretchingAffordable

Stretching

Qualification Check

GDS Ratio26.6% / 32%

Pass · max 32%

TDS Ratio31.6% / 40%

Pass · max 40%

Monthly Payment Breakdown

Mortgage P&I$2,212/mo

Property Tax$333/mo

Heating$120/mo

Total Monthly Housing$2,665/mo

CMHC Insurance$20,930

Affordability Coach

Increase down payment to $91,734 to eliminate $20,930 CMHC insurance and lower your monthly payment.

Pay down existing debts — reducing your $500/mo obligations will improve your TDS ratio and qualify for a higher price.

Rate: Fixed at 4.84%Term: 5-yr termAmortization: 30 yearsQualifying rate: 6.84%

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Assumptions effective 2026-01-01. Regulatory figures (stress-test rules, down-payment brackets, CMHC tiers, rebates) are managed in Admin → Calculators.

FAQ

Frequently Asked Questions

Answers to common questions about the affordability calculator

How much home can I afford with my income?

As a rough rule, lenders let your housing costs (mortgage, tax, heat) take up to 32% of gross income (GDS) and all debts up to 40% (TDS). This calculator applies those limits plus the mortgage stress test to your exact numbers.

What is the mortgage stress test?

Canadian lenders qualify you at the higher of your contract rate plus 2% or 5.25%. The calculator uses the current qualifying rules automatically.

Does the down payment affect affordability?

Yes — a larger down payment lowers your mortgage amount and can eliminate CMHC insurance at 20% down, which raises the price you qualify for.

About these calculations

Calculations use current Canadian mortgage rules, including the mortgage stress test and CMHC insurance tiers. For informational purposes only — not financial advice. Confirm details with your mortgage professional before making decisions.