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Canadian Mortgage Calculator

Mortgage Qualification Calculator

Find out exactly how much home you can afford with accurate Canadian mortgage math, including federal stress test and CMHC insurance.

$ Income & Debts

$

Your pre-tax annual employment income.

$

Spousal income, rental income, or any other documented income.

$

Car loans + credit cards (3% of statement balance) + student loans + child support.

⌂ Down Payment & Rates

$
%

18.6% of estimated max purchase price

%

Stress test: 7.0% (contract + 2% or 5.25%, whichever higher).

%

Annual property tax as a percentage of assessed value.

$
$

50% of strata fees count toward GDS (federal rule).

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Show me my maximum:

ⓘ Maximum Purchase Price

$538,090

Mortgage Amount

$450,357

With $100,000 down

Monthly Payment

$2,617

Principal + Interest

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Your Ratios

GDS
39.0%/ 39%

Tight

TDS
45.5%/ 44%

Tight

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Calculation Details

Monthly Gross Income$10,000
Your Down Payment$100,000
Maximum Mortgage$450,357
CMHC Premium (Included)$12,267
Est. Monthly Payment$2,617
GDS limit 39%(housing cost cap)
TDS limit 44%(housing + debts cap)
⚠

Insurance Premium (Added to Mortgage)*

$12,267 added to your mortgage balance.

*Required when down payment is less than 20%.

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With your income, you can afford

Fraser Valley typical 2026 price bands. Your max: $538,090.

✓

Condo

$400,000 - $700,000 typical

Within reach
✗

Townhouse

$700,000 - $1,000,000 typical

Out of reach
✗

Detached

$1,000,000 - $2,500,000 typical

Out of reach

• Your other monthly debts are the binding constraint. Reducing them increases what you can afford.

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Your Qualification Summary

Total Income:$120,000
Monthly Debts:$650/mo
Down Payment:$100,000
Amortization:25 years
Max Qualification$538,090

Ready to Get Pre-Approved?

Get personalized rates and see how much you actually qualify for with expert guidance from a trusted BC mortgage broker.

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ⓘ Canadian Mortgage Notes

  • •This calculator uses semi-annual compounding as required by Canadian law.
  • •Actual rates may vary based on credit score, lender, and bundled product requirements.
  • •You must qualify at the federal stress test rate (contract rate + 2% or 5.25%, whichever is higher).
  • •30-year insured amortization is available only for first-time buyers or newly-built homes (federal rule, effective Dec 15, 2024).
  • •Most mortgages are portable to a new property if you move before renewal.