Mortgage Affordability Calculator
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
Income & Expenses
Monthly Expenses
Other Debts (for TDS only)
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
With 20%+ down payment, you may qualify for extended debt ratios up to 55% GDS/TDS
Affordability Results
Maximum Home Price
$450,000
Higher of 5.25% or contract rate + 2%
Debt Service Ratios
Limit: 39%
Limit: 44%
* Results are estimates. Actual approval depends on credit score, employment verification, and lender criteria.
Understanding Mortgage Affordability
What is the Stress Test?
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 vs TDS Ratios
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 vs Extended Ratios
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.
Down Payment Requirements
Under $500K: 5% minimum
$500K - $999K: 5% on first $500K, 10% on remainder
$1M+: 20% minimum
Extended ratios require minimum 20% down payment.
Expert Mortgage Guidance for Every Situation
Whether you're a first-time buyer or self-employed professional, we specialize in finding the right mortgage solution for your unique financial situation.
Self-Employed Specialists
We work with lenders who offer extended debt ratios up to 55% for qualified self-employed borrowers with 20%+ down payment.
Stress Test Expertise
We help you understand and navigate the Canadian mortgage stress test to maximize your buying power while staying within safe limits.
50+ Lender Network
Access to major banks, credit unions, and alternative lenders means we find the best rates and terms for your specific situation.
Free Pre-Approval
Know exactly what you can afford before house hunting. Our free pre-approval gives you confidence and negotiating power.
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Get a personalized mortgage assessment from our expert team. We specialize in helping self-employed borrowers and complex income situations.
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