Found a home you love? Work backwards from the price to find the minimum household income needed to qualify at current rates.
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 required income calculator
It depends on your down payment, rate, debts and property taxes — but as a starting point, lenders want your housing costs under 32% of gross income at the stress-test rate. Enter your exact numbers for a precise answer.
Lenders typically average variable income over two years and may discount it. This calculator uses the income figure you enter, so use a conservative number if your pay varies.
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.