Affordability Calculator
See the home price your income comfortably supports. Uses Canadian GDS/TDS ratios (39% / 44%) and stress-tests your payment at the greater of contract rate + 2% or 5.25%.
Car loans, credit cards, student loans, child support, etc.
Maximum home price
$590,910
Down payment is 16.9% of this price
Max mortgage
$490,910
Stress-tested at
6.79%
Payment at stress rate
$3,375 /mo
Payment at 4.79%
$2,797 /mo
Binding constraint: GDS (housing). Uses GDS 39% and TDS 44% (CMHC maximums), stress-tested at the greater of contract rate + 2% or 5.25%.
With less than 20% down, CMHC mortgage loan insurance applies and is added to the mortgage. Your true max purchase price will be slightly lower than shown.
Estimates only. Lenders apply their own ratios and adjustments; pre-approval is the only way to know your exact limit.
The information presented on HousingPortal.ca is intended for general illustrative purposes only. While the information is believed to be reliable, it cannot be guaranteed for accuracy, completeness, or currency. Neither HousingPortal.ca and its employees, nor any other party identified in this guide/report, assumes any liability for the information provided. The views and opinions expressed by the analysts at HousingPortal.ca are their own and should not be considered as investment advice. It is recommended that you seek the advice of a licensed real estate professional before making any decisions regarding real estate investments.