The Assessment Process
3 Steps to Calculate Affordability
Income & Province
Select your location (e.g., Ontario, BC) so we can apply specific property tax rates and heating cost estimates.
Debt Analysis
Our calculator analyzes your car loans and credit cards to determine your precise Total Debt Service (TDS) ratio.
Stress Test Result
Get your Mortgage Affordability Assessment instantly, showing the max purchase price you qualify for.
Mortgage Affordability Calculators by Province
Housing markets vary across Canada. Our AI tool adjusts for provincial land transfer taxes and heating costs to provide an accurate assessment for your specific region.
Why You Need a Detailed Assessment
In the current Canadian real estate market, being "pre-approved" doesn't always tell the whole story. Lenders have strict caps known as GDS (39%) and TDS (44%) that can drastically limit your buying power if you have high living expenses or external debts.
- GDS/TDS Accuracy: Ensure your housing and total debt ratios stay within legal 2026 limits.
- Stress Test Proofing: Understand how a 2% rate increase would affect your qualifying ability.
- CMHC Premiums: Automatically calculate insurance costs for down payments under 20%.
Frequently Asked Questions
How does the Mortgage Affordability Calculator work for Ontario?
Our assessment tool applies Ontario specific rules, including standard heat estimates and provincial tax considerations, alongside federal stress test rules to give you a precise Ontario mortgage estimate.
What is a Mortgage Affordability Assessment?
It is a calculation that compares your income against your debts and potential housing costs. It ensures you meet the GDS (Gross Debt Service) and TDS (Total Debt Service) ratios required by Canadian lenders.
What is the GDS/TDS limit in 2026?
Gross Debt Service (GDS) is the percentage of your income that goes toward housing costs (max 39%). Total Debt Service (TDS) includes all other debts (max 44%).