2026 CANADA HOME AFFORDABILITY

How Much Home Can I Afford in Canada?

Estimate your maximum home price using household income, down payment, monthly debts, the mortgage stress test, property tax and condo costs.

Reviewed: October 3, 2026Policy year: 2026Methodology & data sources →

BUYING POWER

Your qualification inputs

2026

Province / territoryGross household income / yearAvailable down paymentMonthly debt payments

Mortgage rate (%)Amortization

Property tax estimate (% / year)Heating / month

Condo fees / monthHome insurance / month

First-time buyerUsed for eligible provincial land-transfer relief and 30-year insured-mortgage eligibility.

Qualification uses the configured GDS/TDS limits, the mortgage stress-test rate, 100% of estimated property tax and heating, and 50% of condo fees.

ESTIMATED MAXIMUM HOME PRICE

$434,400

Planning estimate — lender approval can differ

Maximum mortgage$396,316

Contract payment$2,194/mo

Stress-test payment$2,655/mo

Stress-test rate6.50%

GDS (max 39%)38.0%

TDS (max 44%)44.0%

Binding qualification limitTDS

Mortgage default insurance$11,916

Estimated cash available / needed$59,116Down payment + transfer/registration + insurance premium tax + $3,000 planning allowance for other closing costs.

QUALIFICATION

What is limiting your buying power?

Canadian lenders compare your housing costs with gross income, then add other debt obligations.

Gross income / month$8,333

GDS housing budget$3,250

TDS housing budget after debt$3,167

Estimated actual housing cost$2,856/mo

CASH TO CLOSE

Buying power is not the same as cash required

Land-transfer and registration costs vary by province, so they are estimated separately from mortgage qualification.

Down payment$50,000

Government transfer / registration$5,163

Mortgage-insurance tax$953

Planning cash target$59,116

This cash target includes a $3,000 generic allowance for legal, appraisal, inspection, title-insurance and adjustment costs. Use the dedicated Closing Cost Calculator for a province-specific estimate.

METHODOLOGY

Canadian affordability rules

CMHC-style qualification currently uses the configured debt-service caps of 39% GDS and 44% TDS. Qualification uses the greater of the configured stress-test floor or the contract rate plus the configured buffer.

CMHC GDS / TDS methodology ↗OSFI qualifying rate ↗

COMMON INCOME SCENARIOS

Home affordability by household income

$60,000 income $80,000 income $100,000 income $120,000 income $150,000 income $200,000 income

How this calculator works

This tool provides an estimate for planning purposes. Actual taxes, lending costs, insurance premiums and fees vary by province and personal circumstances. Review our methodology and data sources, and verify important financial decisions with official sources or a qualified professional.