Find out how much mortgage you can afford using Canadian stress test guidelines. Self-employed? Get access to extended debt ratios up to 55%.
Stress Test Included
Bank of Canada qualifying rate
Self-Employed Options
Extended ratios up to 55%
GDS & TDS Ratios
Complete debt analysis
These debts are NOT included in GDS. Enter balances and we'll calculate the monthly payment used by lenders.
Lenders use 3% of balance as monthly payment
Lenders use 1% of balance as monthly payment (if no scheduled payment)
Enter your actual scheduled payment as per loan agreement
Lenders amortize over 25 years at the contract rate
With 20%+ down payment, you may qualify for extended debt ratios up to 55% GDS/TDS
* Extended ratios require minimum 20% down payment and strong credit
Maximum Home Price
$0
Higher of 5.25% or contract rate + 2%
Extended ratios require minimum 20% down payment
* Results are estimates. Actual approval depends on credit score, employment verification, and lender criteria.
The Canadian mortgage stress test requires lenders to qualify you at the higher of the Bank of Canada's benchmark rate (currently 5.25%) or your contract rate plus 2%. This ensures you can afford your mortgage even if rates rise.
GDS (Gross Debt Service) includes housing costs only: mortgage payment, property taxes, heating, and 50% of condo fees. TDS (Total Debt Service) adds all other monthly debt payments to the GDS calculation.
Standard limits: 39% GDS / 44% TDS Self-employed with 20%+ down: Some lenders offer extended ratios up to 55% GDS/TDS for qualified self-employed borrowers with strong financials.
Under $500K: 5% minimum $500K - $999K: 5% on first $500K, 10% on remainder $1M - $1.499M: First-time buyers & new construction only (insured, 30-yr amortization) $1.5M+: 20% minimum (no CMHC available) Extended ratios require minimum 20% down payment.
Whether you're a first-time buyer or self-employed professional, we specialize in finding the right mortgage solution for your unique financial situation.
We work with lenders who offer extended debt ratios up to 55% for qualified self-employed borrowers with 20%+ down payment.
We help you understand and navigate the Canadian mortgage stress test to maximize your buying power while staying within safe limits.
Access to major banks, credit unions, and alternative lenders means we find the best rates and terms for your specific situation.
Know exactly what you can afford before house hunting. Our free pre-approval gives you confidence and negotiating power.
Get a personalized mortgage assessment from our expert team. We specialize in helping self-employed borrowers and complex income situations.
The calculator uses your gross income, monthly debts, down payment, and current interest rates to determine your maximum purchase price. It applies the GDS ratio (max 39% of income to housing costs) and TDS ratio (max 44% including all debts), plus the federal stress test.
GDS (Gross Debt Service) is the percentage of your gross income needed for housing costs (mortgage, taxes, heat, condo fees). TDS (Total Debt Service) adds all other debts. Standard limits are 39% GDS and 44% TDS, though some lenders allow up to 55% for well-qualified borrowers.
Yes. With 20% or more down payment, some lenders offer extended ratios up to 55% GDS/TDS for self-employed borrowers with strong credit and equity. Use the "Extended Ratios" toggle in this calculator to see how this affects your buying power.
The minimum is 5% for homes up to $500,000, 10% on the portion between $500,000 and $1.5 million (for first-time buyers or new builds), and 20% for homes over $1.5 million. With less than 20% down, you'll need CMHC mortgage default insurance.
Yes. Following the 2024 federal changes, first-time home buyers and new construction purchases up to $1.5 million can now qualify with 30-year insured amortization. Resale purchases by repeat buyers are capped at $1 million and 25 years for insured mortgages.
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