Your mortgage payment isn't your housing cost. Add property tax, heating and condo fees to see the true monthly cost of a home — with GDS/TDS qualification checks.
Assumptions effective 2026-01-01. Regulatory figures (stress-test rules, down-payment brackets, CMHC tiers, rebates) are managed in Admin → Calculators.
Answers to common questions about the purchase cost calculator
Property tax, heating, condo/strata fees, and home insurance at minimum. Lenders use these in your GDS ratio, so leaving them out overstates what you qualify for.
The ratios use gross income and the stress-test rate, not your contract rate. The calculator shows which ratio fails so you know whether to raise income, cut debts, or lower the price.
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.