How much mortgage can you qualify for in Canada?
Your maximum comes down to four things: your income, your existing debts, your down payment, and the federal stress test. Lenders cap your housing costs at about 39% of gross income (GDS) and your total debt payments at about 44% (TDS), and you have to qualify at the greater of your rate plus 2% or 5.25%. This calculator combines all of that, plus the minimum down payment tiers and mortgage insurance where it applies, to estimate your maximum purchase price.
A pre-qualification is a fast estimate, not a pre-approval; a real pre-approval reviews your documents and credit. When you're ready, we'll turn this into the real thing and lock in your best rate. Once you know your number, see it in monthly terms with the payment calculator, or get matching listings sent to your inbox right from the tool above.