Affordability Calculator

Uses Canadian GDS/TDS rules with the OSFI stress test (greater of contract rate + 2% or 5.25%).

Household income (yr)

CAD

Monthly debts

CAD

Property tax (yr)

CAD

Heating (yr)

CAD

Condo fees (mo)

CAD

Down payment

CAD

Interest rate

%

Amortization

yrs

MAXIMUM HOME PRICE

$483,366

Max mortgage$403,366

Down payment$80,000

Qualifying rate6.39%

Max housing / mo$3,200