Affordability Calculator
Find out how much home you can afford based on your income, debts, and down payment. Uses Canadian GDS and TDS ratios with stress test qualification.
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Maximum Purchase Price
$487,865
Based on your income and debts
Maximum Mortgage
$387,865
Monthly payment: $2,255.84
GDS Ratio (Gross Debt Service)
32.47%StretchingMax: 39%
TDS Ratio (Total Debt Service)
38.47%StretchingMax: 44%
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Stress Test: You qualify
The qualifying rate is 7.00% (the higher of your rate + 2% or 5.25%). At this rate, your GDS is 38.00% and TDS is 44.00%.