Estimates your maximum purchase price using Canadian lending rules — GDS/TDS ratios and the federal mortgage stress test.
For illustrative purposes only. Federal stress test rule applies the greater of (contract rate + 2%) or 5.25%. Lenders use slightly different qualifying ratios; the actual maximum a lender will approve varies. Does not include CMHC insurance premiums. Consult a licensed mortgage professional.
Numbers on a calculator are one thing. Knowing what's actually available in your price range — and which neighborhoods make sense — is what I do. Let's talk.