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Home Affordability Calculator

Estimate how much house you can realistically afford in Canada using household income, ongoing debts, housing costs, and OSFI mortgage stress-test qualifying rates.

Income & Financial Obligations

Gross Annual Household Income ($)

Monthly Debt Obligations (Car loans, student debt, credit cards) ($)

Monthly Property Tax ($)

Monthly Heating Costs ($)

Monthly Condo Fees ($) (If applicable)

Available Down Payment ($)

Mortgage Interest Rate (%)

Amortization Period (Years)

OSFI B-20 Mortgage Stress Test Guidelines

In Canada, federally regulated financial institutions require borrowers to qualify at the higher of the contract interest rate + 2.00% or the minimum benchmark floor of 5.25%. Furthermore, standard debt ratio guidelines set Gross Debt Service (GDS) at a maximum of 39% and Total Debt Service (TDS) at 44% of gross income.