Interactive calculator
Qualification calculator
See whether a mortgage amount fits your income, debts, and policy rules.
Calculation notes
Methodology for the qualification calculator
Run a complete mortgage qualification check using your income, debts, down payment, and the stress-test Minimum Qualifying Rate per OSFI Guideline B-20.
See whether you pass GDS and TDS ratio limits under both your contract rate and the higher stress-test qualifying rate.
Identify exactly which factor is limiting your maximum mortgage — income, debt, down payment, or stress-test rules.
Use it before house hunting to know your approved price range and avoid falling in love with a home you cannot finance.
Inputs to check
- Gross household income
- Target mortgage amount
- Property taxes, heat, and condo fees
- Monthly debt obligations
Assumptions
- Uses standard GDS (39%) and TDS (44%) limits; some lenders allow higher ratios for strong borrowers.
- Applies the stress-test Minimum Qualifying Rate per OSFI Guideline B-20.
- Self-employed and variable income require two-year averaging per standard lender guidelines.
- Results are directional estimates — final qualification requires full lender underwriting.