Affordability Calculator

Estimate how much home you can afford using common Canadian guideline ratios.

Affordability Calculator

Estimate how much home you can afford using common Canadian guideline ratios.

Annual household income

Monthly debts (loans, cards)

Estimated monthly heating

Monthly condo fees

Interest rate (%)

Amortization period (years)

Estimated Property Tax Rate (%)

Down payment %

Estimate only. Always confirm with a qualified mortgage professional.

Estimated maximum home price

$533,605.00

Estimated maximum mortgage$480,244.50

Estimated monthly payment$2,735.99

GDS (Gross Debt Service)38.9%

TDS (Total Debt Service)44.0%

Status

Moderate

Common guideline thresholds are around GDS 39% and TDS 44%. Lenders may apply different rules and a stress test that qualifies you at a higher rate than your contract rate.