Home Affordability Calculator Canada

Canadian lenders typically require GDS ≤ 32% and TDS ≤ 40%

A RateStreet advisor will run your income, debts and down payment against the lenders that fit your file, lock a rate for up to 120 days, and tell you exactly what to shop for. No obligation, no effect on your credit until you say so.

Find out exactly how much home you can afford in Canada. Includes stress test, GDS/TDS ratios, and down payment guidance. Get a pre-approval estimate instantly.

Total Debt Service adds every other monthly obligation — car payments, credit-card minimums, lines of credit, student loans, support — on top of housing. The cap is 44%. This is the ratio that usually binds.

You qualify at the higher of your contract rate plus 2% and 5.25%, not at the rate you'll pay. It's a federal rule for insured mortgages and every bank, and it's why a rate cut moves affordability less than people expect.

5% on the first $500,000 and 10% on the rest up to $1.5 million, with mortgage insurance below 20% down. At 20% or more the insurance goes away, and some lenders relax the ratios a little. The calculator applies the tier and the premium for you.

A $500-a-month car payment removes roughly $90,000 of mortgage room under TDS. Paying a debt off, or consolidating it, often adds more buying power than a raise would.

The ceiling assumes you'll spend 44% of gross income on debt, before tax. Most people are happier well under it. Decide the payment you want to live with first, then let the calculator show the price that fits.