Affordability Calculator

How much home can you afford?

Before you start viewing homes, it helps to know your realistic price range. Lenders look at how much of your income would go to housing and other debts, and they test whether you could still afford your payments if rates rose. This is called the mortgage stress test.

Enter your income, debts and down payment to see an estimate. For a firm number, get pre-approved with a lender or mortgage broker, and book a free consultation to talk through what your budget can buy in Toronto and the GTA.

Your finances

Gross household income (yearly, before tax)

Monthly debt payments

Car loans, minimum credit card and line of credit payments, student loans and support payments.

Down payment available

The home and mortgage

Interest rate

Property tax rate

Heating (monthly)

Condo fees (monthly)

Property tax rates vary by city and change yearly; check your municipality's current rate.

I'm a first-time buyer or buying a new build (30-year amortization)

estimated maximum purchase price

Mortgage amount	$0
Down payment	$0
Mortgage payment (monthly, at your rate)	$0
Stress test qualifying rate	0%
Housing costs vs. income (GDS)	0%
Total debt vs. income (TDS)	0%

Book a free consultation Closing costs

Estimate only. Uses common Canadian lending guidelines: housing costs up to 39% of gross income (GDS) and total debts up to 44% (TDS), qualified at the federal stress test rate (the higher of your rate plus 2% or 5.25%). Includes 50% of condo fees, minimum down payment rules and mortgage default insurance with less than 20% down. Lenders set their own criteria, so speak with a mortgage professional for a pre-approval. Rules current as of October 2026.