Mortgage Stress Test Calculator
Check if you qualify at the federal stress-test rate — the greater of your contract rate plus 2% or 5.25%. Required by all federally regulated lenders since 2018.
For the contract rate, see what banks charged last month on our average mortgage rates page; variable rates move with the Bank of Canada's policy rate and the banks' prime rate.
You do not pass the stress test
Qualifying at 6.79%
Lenders test you at the greater of contract rate + 2% (6.79%) or 5.25%.
Payment at 4.79%
$3,418 /mo
Payment at 6.79%
$4,125 /mo
GDS ratio
40.7%
Limit 39%
TDS ratio
45.0%
Limit 44%
Stress-tested payment is $707/month more than the contract-rate payment. Lenders use this higher number when checking whether your income covers the mortgage.
Estimate only. Applies to federally regulated lenders. Insured mortgages use the same qualifying rate; credit unions may use their own internal rules. Not required when you renew, or when you switch lenders at renewal without increasing the balance or amortization (since November 21, 2024).
Today's Mortgage Rates from Lenders
This calculator works with whatever rate you enter. Compare it with the rates lenders are offering right now, fixed and variable, by term. Change the price, down payment or location to match your purchase.
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