Mortgage Affordability
How much house can I actually afford?
Numbers stay in your browser. Uses the Canadian stress-test rules. Always verify with a licensed mortgage broker before committing.
How this works
Canadian lenders use two ratios to decide the maximum mortgage you qualify for:
- Gross Debt Service (GDS): max 32-39% of gross income on housing costs (mortgage + property tax + heating + 50% of condo fees).
- Total Debt Service (TDS): max 40-44% of gross income on ALL debt (housing + cars + cards + lines of credit).
Plus the federal stress test: your qualifying rate is the higher of your contract rate + 2%, or 5.25%. This calculator uses the stricter of the two.
Numbers shown are estimates. Always confirm with a licensed mortgage broker or your bank.