Calculator
Mortgage Affordability Calculator
Determine how much home you can afford based on Canadian lending standards.
Enter Your Details
Car loans, credit cards, student loans, etc.
Results
Maximum Home Price
$648,828
Maximum Monthly Payment
$3,350
GDS Ratio
Limit: 39%
39.0%
TDS Ratio
Limit: 44%
44.0%
Results are estimates only and do not include the federal stress test. Actual qualification depends on lender assessment. Speak with Luis for a personalized analysis.
METHODOLOGY
How it works
Gross Debt Service (GDS) Ratio
GDS measures your housing costs (mortgage payment, property taxes, heating, and 50% of condo fees if applicable) as a percentage of your gross monthly income. Most lenders require GDS to be 39% or lower.
Total Debt Service (TDS) Ratio
TDS includes all your housing costs plus other monthly debt obligations (car loans, credit cards, lines of credit, student loans). Most lenders require TDS to be 44% or lower.
Stress Test Consideration
Note: Canadian lenders also apply a stress test, qualifying you at the higher of your contract rate plus 2% or the benchmark rate (currently around 5.25%). This calculator uses your entered rate — actual qualification may be lower.
INSIGHTS
What this tells you
Buying Power
Know your realistic price range before shopping for homes.
Debt Impact
See how existing debts affect your mortgage qualification.
Ratio Health
Understand if your finances are within healthy lending limits.
Down Payment Effect
See how increasing your down payment expands your options.
What you can afford and what you should buy are often two different conversations.
For a personalized analysis
Send me your numbers and I will provide guidance tailored to your situation.
By submitting, you consent to be contacted about mortgage services. Your information is kept confidential.
QUESTIONS
Frequently asked
Ready to Move Forward?
Let us discuss your numbers.
A quick conversation can turn estimates into a real plan.