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Canada Affordability Calculator
Find out how much home you can afford in Canada based on your income, debts, and the stress test qualifying rate.
Your Income & Debts
Combined income before taxes
CAD
CAD 30,000CAD 1,000,000
Car loans, student loans, credit card minimums, etc.
CAD
CAD 0CAD 10,000
CAD
CAD 33,297CAD 2,000,000
Monthly Housing Costs
Annual property tax ÷ 12
CAD
CAD 0CAD 3,000
Estimate ~$150–200/month for a typical home
CAD
CAD 0CAD 1,000
50% of condo fees are counted toward GDS. Enter 0 if not applicable.
CAD
CAD 0CAD 3,000
Mortgage Terms
%
0.5%15%
yrs
5 yrs30 yrs
Stress test qualifying rate: 6.89% (higher of 4.89% + 2% or 5.25%)
Debt Ratio Analysis
GDS Fail
TDS Fail
GDS Ratio (Gross Debt Service)
39.9%/ 39% limit
TDS Ratio (Total Debt Service)
44.9%/ 44% limit
OSFI guidelines: GDS ≤ 39% and TDS ≤ 44% of gross monthly income. These are calculated using the stress test qualifying rate.
Your Affordability
Maximum Home Price
CAD 582,961
Down payment: CAD 100,000 + CMHC: CAD 13,523
Maximum Mortgage
CAD 482,961
Estimated Monthly Payment
CAD 2,857
At 4.89% (stress test: 6.89%)
Monthly Income
CAD 10,000
Stress Test Rate
6.89%
PilotRate provides educational mortgage estimates and does not constitute financial advice. Actual qualification depends on your lender's criteria.