GDS and housing costs
Gross Debt Service includes the qualifying mortgage payment, property tax, heating and 50% of condo fees. This estimate uses CMHC's 39% maximum threshold.
MORTGAGE CALCULATOR
How much home could you afford?
Estimate a Canadian purchasing range using household income, down payment, debts and ongoing housing costs.CANADIAN QUALIFICATION
Mortgage affordability
HOW IT WORKS
A practical Canadian affordability estimate
Mortgage affordability compares the payment and ongoing housing costs with gross household income, then accounts for recurring debt obligations and the available down payment.
TDS and other debts
Total Debt Service adds monthly debt payments to housing costs. This estimate uses CMHC's 44% maximum threshold.
Mortgage stress test
The qualifying payment uses the greater of the entered contract rate plus two percentage points or 5.25%, following current federal guidance.
Down payment and insurance
The result also respects current minimum down-payment, insured-purchase-price, mortgage-insurance and eligible amortization rules.
Official qualification sources
Rules and thresholds are based on current CMHC, Financial Consumer Agency of Canada and OSFI guidance. Individual lenders may use stricter underwriting.
View CMHC debt-service guidance ↗EXPLORE URBYN