Interactive calculator
Affordability calculator
See the maximum purchase price supported by your income and down payment.
Calculation notes
Methodology for the affordability calculator
Estimate the maximum purchase price supported by your household income, monthly debt payments, down payment, and current stress-test rules.
Compare multiple scenarios — different income levels, debt loads, down payment sizes, and rate assumptions — to find a comfortable payment range.
See how the Minimum Qualifying Rate (stress test) affects your borrowing power even when your contract rate is lower.
Use it as a pre-planning tool before house hunting — know your upper limit so you can shop with confidence.
Inputs to check
- Household income
- Monthly debt payments
- Down payment amount
- Property taxes, heating, and condo fees
Assumptions
- Uses standard GDS (39%) and TDS (44%) ratio guidelines; some lenders use different thresholds.
- Applies the stress-test Minimum Qualifying Rate per OSFI guidelines.
- Property taxes and heating costs are estimated based on purchase price and location.
- Results are planning estimates — final approval requires full lender underwriting with verified documents.