Buyer Tools
Home Affordability Calculator Canada — How Much Can I Afford?
Find out the maximum home price you qualify for using the Canadian mortgage stress test and GDS/TDS ratios. Free affordability calculator for Canadian home buyers.
This uses the Canadian mortgage stress test (qualifying at 7.25%) with GDS ≤ 39% and TDS ≤ 44%.
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Frequently Asked Questions
What is the Canadian mortgage stress test?+
The Canadian mortgage stress test requires lenders to qualify borrowers at the higher of their contract rate plus 2%, or 5.25%. This ensures borrowers can still afford payments if rates increase. It applies to all federally regulated lenders regardless of your down payment size.
What is a GDS ratio in Canada?+
The Gross Debt Service (GDS) ratio is the percentage of your gross monthly income used to cover housing costs — mortgage payment, property taxes, heat, and half of condo fees. Most lenders require a GDS of 39% or less to qualify for a mortgage.
What is a TDS ratio in Canada?+
The Total Debt Service (TDS) ratio includes all GDS costs plus other monthly debt obligations such as car loans, credit cards, and student loans. The maximum TDS ratio most lenders accept is 44% of gross monthly income.
How much can I borrow with a $100,000 salary in Canada?+
With a $100,000 gross annual income, minimal debt, and 20% down at 5.25%, a Canadian buyer can typically qualify for a purchase price of approximately $450,000–$500,000. The exact amount depends on your debt load, down payment, property tax, and the stress test rate. Use this calculator for a personalized estimate.