Each row is a purchase price, a minimum down payment from the mortgage library, and the gross income that fits the stress-test payment when you have no other monthly debts. The $400,000 mortgage article is a loan amount, not one of these purchase prices. Its published examples use a 4.5% contract rate. The figure in this table reruns that $400,000 balance at the sheet rate above, with the article's $300 monthly property tax and $100 heat.
| Price | Example | Income, no other debts |
|---|---|---|
| $200,000 | Regina, Saskatchewan | $47,613 |
| $250,000 | Winnipeg, Manitoba | $58,747 |
| $300,000 | Edmonton, Alberta | $67,958 |
| $350,000 | Moncton, New Brunswick | $82,810 |
| $450,000 | Halifax, Nova Scotia | $104,436 |
| $500,000 | Ottawa, Ontario | $114,417 |
| $600,000 | Calgary, Alberta | $131,801 |
| $700,000 | Hamilton, Ontario | $156,878 |
| $800,000 | Toronto, Ontario | $178,109 |
| $900,000 | Vancouver, British Columbia | $188,955 |
| $1,000,000 | Toronto, Ontario | $220,571 |
| $400,000 mortgage | Loan amount, not a city price | $92,080 |