Home Buying Calculators & Tools
Free interactive tools to help you plan your home purchase — built for Canadian first-time buyers with 2026 rules and rates.
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Mortgage & Affordability Calculator
Estimate your monthly payments, CMHC insurance, stress test qualification, and land transfer taxes — all based on 2026 Canadian rules.
Typical range: $100K - $2M
= $25,000.00 (5.00%)
Typical range: 1% - 10%
First-time buyers receive up to $4,000 rebate (homes up to $368,000 pay no LTT).
Estimated Monthly Payment
$2,873.13
over 25 years at 5.00%
Down Payment
$25,000.00
5.00% of purchase price
Mortgage Amount
$475,000.00
Before CMHC insurance
CMHC Insurance
$19,000.00
Premium rate: 4.0%
Total Mortgage
$494,000.00
Mortgage + CMHC premium
Stress Test Qualification
You would need to qualify at 7.00% (contract rate + 2% or 5.25%, whichever is higher).
Stress test monthly payment: $3,460.05
Total Interest Paid
$367,938.59
Over 25 years
Total Cost of Home
$886,938.59
Purchase + interest + CMHC
How much can you afford?
Enter your financial details to find your maximum purchase price, based on Canadian mortgage stress test rules and GDS/TDS ratios.
Car loans, student loans, credit cards, lines of credit
Current typical rate: ~4.5%
30-year amortization requires 20%+ down payment.
% of home value per year (typical: 0.5% - 2%)
50% of condo fees count toward GDS/TDS ratios
You could afford up to
$445,173
Based on 6.5% stress test rate • GDS is the binding constraint
Maximum Mortgage
$407,423
Includes $12,250 CMHC insurance
Your Down Payment
$50,000
11.2% of purchase price
Monthly Payment
$2,775.96
All housing costs included
CMHC Insurance
$12,250
Premium rate: 3.1%
Stress Test Qualification
You qualify at 6.5% (your rate 4.5% + 2%, or 5.25%, whichever is higher).
Stress test monthly mortgage payment: $2,729.02
Limit: 39.0%
Limit: 44.0%
Estimate your closing costs
Closing costs typically add 1.5% - 4% on top of your purchase price. Know exactly what to budget for before you buy.
Used to calculate CMHC insurance PST
Estimated Closing Costs
$13,249
2.6% of purchase price
Total Cash Needed
Down payment ($50,000) + closing costs ($13,249) + $5,000 emergency buffer
$68,249
8% Ontario PST on CMHC premium
Estimated prepaid property taxes (half-year)
Interest from closing to first payment date (~15 days)
Your Home Buying Timeline
Enter your financial situation and get a personalized month-by-month action plan for buying your first home in Canada.
Your personalized plan
24-month plan
Projected Savings
$57,551
Est. Affordable Price
$395,830
Down Payment
$48,918 (12.4%)
Open a First Home Savings Account (FHSA)
Set up automatic savings transfers to your FHSA and savings accounts
$1,500/month
Pull your credit report to confirm your score
Build or top up your emergency fund (3 months of expenses)
Research housing market and prices in your target area
Continue monthly FHSA contributions
$667/month toward $8,000/year max
Contribute to RRSP for the Home Buyers' Plan (HBP)
$533/month
Check credit score — monitor for improvement and catch issues early
Check credit score — monitor for improvement and catch issues early
File taxes and reinvest your FHSA/RRSP tax refund into your down payment savings
Est. refund: $3,338
Check credit score — monitor for improvement and catch issues early
Contact a mortgage broker and start the pre-approval process
Get your mortgage pre-approval letter
Start attending open houses to understand market pricing
Identify 2-3 target neighbourhoods within your budget
Interview 2-3 buyer's real estate agents
Finalize your buyer's agent and begin active home search
Get home insurance quotes from 2-3 providers
Identify and retain a real estate lawyer
Initiate RRSP HBP withdrawal (funds must sit in RRSP for 90 days before withdrawal)
$12,792
Submit your offer, negotiate conditions, and proceed to closing
Withdraw FHSA funds for your home purchase (tax-free)
$13,336
Arrange movers, set up utilities, and forward mail
Closing day — keys in hand!
Document Checklist Generator
Get a personalized list of every document you need for your mortgage application — based on your situation.
Documents Gathered
0 of 13
Programs available in your province
Every province offers different first-time buyer incentives. Select yours to see what you qualify for — stacked with federal programs like the FHSA and HBTC.
Select a province above to see available first-time buyer programs and your potential savings.
Am I Ready to Buy?
Answer 7 quick questions to evaluate your readiness and get personalized recommendations.
Continue learning
Pair these calculators with our free guide modules for the full picture.
Module 1
Are You Ready? — Credit scores, the stress test & affordability
Module 2
Saving Smart — FHSA, RRSP HBP & stacking strategies
Module 3
Down Payments & Mortgages — CMHC insurance, fixed vs. variable
Module 4
Government Programs — Federal & provincial incentives by province
Module 5
Finding a Home — Building your team & the search process
Module 6
Making an Offer — Purchase agreements, conditions & negotiation
Module 7
Closing the Deal — Closing costs, land transfer tax & your lawyer
Module 8
Life After Closing — Emergency fund, maintenance & building equity