Calculators
Affordability calculator
See an estimated purchase priceusing CMHC's GDS / TDS guidelines and the OSFI stress test. Driven by your income, debts, down payment, and current rates.
Your income
Car loans, student loans, credit-card minimums, lines of credit.
Your mortgage
30-year insured amortization requires first-time-buyer or new-construction status.
Housing costs
Counted at 50% per CMHC GDS/TDS rules.
Estimated purchase price at standard guidelines
$429,687.00
Stress-tested at 7.00%. Your GDS ratio is what this estimate runs up against first.
Breakdown at estimated price
| Loan amount | $391,457.81 |
| — Insurance premium financed into loan | $11,770.31 |
| Stress-tested monthly payment | $2,741.83 / mo |
| Contract-rate monthly payment (lower) | $2,276.74 / mo |
| GDS ratio | 39.0% (guideline 39%) |
| TDS ratio | 39.0% (guideline 44%) |
These are the standard guidelines used for insured mortgages. They are not a hard ceiling — lenders approve beyond them depending on how the deal is structured, which lender it goes to, and your overall profile. Some lenders are also stricter. Some alternative lenders may allow a larger qualification with 20%+ down; a broker fee may apply and must be disclosed to you in writing. A verified mortgage agent can tell you where you actually stand.
Estimates only. Lender overlays, employment history, and credit score also affect what you qualify for. Talk to a verified agent for a real pre-approval.