Affordability Calculator

Uses Canada's stress test (qualifying rate) and OSFI's GDS/TDS ratios to estimate your maximum purchase price.

Not financial advice. This affordability calculator is for educational and illustrative purposes only. Results are estimates and do not account for all individual circumstances. Always consult a licensed mortgage professional, financial advisor, or real estate lawyer before making any financial decisions.

Gross Annual Income

Combined household income before tax

Down Payment

Mortgage Rate (%)

Monthly Debt Payments

Car payments, student loans, credit cards, etc.

Amortization

Stress Test Applied

Qualifying rate: 6.79% (= max of 4.79% + 2%, or 5.25%)

Maximum Purchase Price

$485,455

Limited by GDS ratio

Max Mortgage$385,455

Down Payment$100,000

Est. Monthly Payment$2,196/mo

Qualifying Rate6.79%

Debt Service Ratios

GDS ratio27.5% / 32% max

TDS ratio32.5% / 44% max

Estimates include $400/mo property tax and $150/mo heating (Ottawa averages).