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%
Want a professional opinion?
Our licensed advisors can review your financial picture and tell you exactly what you qualify for — free consultation.
Learn more
- Dive deeper into the GDS and TDS ratios lenders use to determine how much you can borrow.
- Take our financial readiness checklist to see if you are truly prepared beyond what the numbers show.
- Learn how the mortgage stress test reduces your maximum qualifying amount and why it exists.