Contact PETER for further information on PURCHASING and FINANCING. Mortgage broker may be advised.
Numbers are illustrative. Canadian mortgages compound semi-annually. CMHC premiums shown are current standard tiers (4.00% / 3.10% / 2.80%) for owner-occupied homes under $1.5M. Federal stress test uses the greater of (your rate + 2%) or 5.25%. Property tax estimate is 0.7% of price / year (Toronto average) and heat is $150/mo — the bank uses similar rough numbers for the GDS ratio. Legal + title + adjustments defaults to $2,500 which is typical for a Toronto resale purchase. Real numbers depend on your credit, lender, property, and closing details. Always confirm with a mortgage broker, lawyer, and accountant before signing anything. See the Disclaimer for full detail.
Bring your income and the neighbourhood you're looking at. 15 minutes on the phone and you'll know exactly what price range works for you — and what doesn't.