Canada real estate tools

Canada House Affordability Calculator

Use your income, debts, down payment and housing costs to explore a transparent purchase-price estimate.

2026 reference assumptionsNo accountPrivate on your device

Your estimate

Enter your home-buying details

Gross household incomeGross income before tax for everyone applying.$Monthly debt paymentsRequired monthly debt payments.$Available down paymentCash you plan to put toward the home purchase, before closing costs.$Expected mortgage rateThe expected annual mortgage interest rate. The calculator can also test a higher qualifying rate.%Monthly property taxExpected monthly property tax. Divide an annual estimate by 12.$Monthly heating costExpected monthly heating cost.$Monthly condo feesMonthly condo fees, if any. Debt-service calculations commonly count 50% of this amount.$Amortization periodUsed to calculate the payment estimate.

Use a stress-test qualifying rateUses the greater of your rate + 2% or 5.25%: 6.50%.

Private: calculations run in this browser and are not saved.

How to use this estimate

Make the assumptions visible

1. Add your household numbers

Use gross annual household income, recurring monthly debts and cash available for a down payment.

2. Include property costs

Monthly property tax, heating and 50% of condo fees affect debt-service calculations.

3. Review the limiting factor

The result shows whether income/debt capacity or the down payment is setting the lower price limit.

Not a loan decision: this quick estimate does not include every lender policy, credit history, property value, loan insurance premium, closing cost, income verification or legal requirement. It cannot confirm that a mortgage will be approved.

Canadian affordability example

For example, a household with $120,000 in gross annual income, $500 in monthly debt payments, a $60,000 down payment, a 4.5% mortgage rate and $500 in monthly property costs may be limited by either its debt-service capacity or its down payment. Change one input at a time to see why the estimate changes. Your lender can use different rates, costs and qualifying rules.

CMHC debt-service guidance ↗

Learn how housing costs and other debts relate to GDS and TDS reference ratios.

Government of Canada down-payment guidance ↗

Review standard minimum-down-payment thresholds and mortgage loan insurance information.

Learn before you buy

Canadian mortgage and home-buying guides

How much house can I afford? →GDS and TDS ratios explained →Canada mortgage stress test →Down payment and mortgage insurance →Closing-cost checklist →

Frequently asked questions

Is this a mortgage pre-approval?+

No. This is an educational affordability estimate. A lender or mortgage insurer makes its own decision using its current underwriting, documents, property details and complete financial information.

What are GDS and TDS?+

Gross debt service (GDS) compares housing costs with gross household income. Total debt service (TDS) adds monthly debt payments. This calculator uses 39% GDS and 44% TDS as common CMHC reference thresholds.

Why does the calculator use a qualifying rate?+

Federally regulated lenders use a mortgage stress test. This calculator compares the entered rate with the commonly cited qualifying-rate floor of the greater of the contract rate plus 2% or 5.25%.

Does the estimate include mortgage default insurance?+

No. The calculator flags when the entered down payment is below 20%, but it does not price mortgage loan insurance. A dedicated insurance calculator is planned.

Explore more

Canadian real estate tools are growing

See the Canada real estate hub for planned regional calculators such as Ontario land transfer tax, Toronto closing costs, CMHC insurance and rent-versus-buy tools.

View Canada real estate tools →