Know Your Budget
Affordability Calculator
See how much home you can afford using Canadian lending guidelines, GDS/TDS ratios, and stress test qualification.
Your Finances
Car loans, credit cards, student loans, etc.
Monthly Housing Costs
50% used in GDS/TDS calculation
Maximum Home Price
$416,819
Limited by TDS ratio — Stress tested at 7.50%
Max by GDS (39%)
$427,867
Mortgage + Tax + Heat + Condo Fees
Max by TDS (44%)
$416,819
GDS costs + All Other Debts
Down Payment
$50,000
Required minimum: $20,841
Your down payment is sufficient
Estimated Monthly Payment
$2,308.44
At 5.5% over 25 years
Includes CMHC premium of $11,371
Based on GDS (39%) and TDS (44%) guidelines with Canadian semi-annual compounding and stress test. Actual qualification may vary — contact Jay for a complete assessment.
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