How much house can you afford?

The highest price you can likely qualify for, using the mortgage stress test, CMHC's debt limits, the minimum down payment rules and any pre-approval you have.

Household income before tax (per year)

Other debt payments (per month)

Down payment available

Mortgage rate (%)

Amortization

Property tax (% of price per year)

Condo fees (per month, if any)

Pre-approved mortgage amount (optional)

You can likely afford up to$666,000

Limited byIncome
Mortgage (incl. CMHC premium)$581,848
Monthly payment at 4.49%$3,217
Property tax (est.)$555/mo
You qualify at (stress test)6.49%
Debt ratios at that price (GDS / TDS)39% / 42%
Limits: income $666,152 · down payment $1,250,000

See homes up to $666,000 →

An estimate under CMHC's limits (housing costs up to 39% of gross income, all debts up to 44%), qualifying at the higher of your rate + 2% or 5.25%, heating at $100 a month and half of any condo fees. Lenders set their own rules; a mortgage professional can confirm what you qualify for.