Can I afford this home?
Enter your income and the home you want. We'll calculate whether you qualify using the real Canadian stress test, CMHC insurance, and lender ratios — all in one place.
Your Financial Picture
Car loans, credit cards, student loans, child support (monthly total)
Minimum required: $50,000 (tiered)
Same-day pre-approval with a licensed broker
How Mortgage Qualification Works in Canada
Canadian mortgage qualification uses three key checks: the stress test (you must qualify at your contract rate + 2% or 5.25%, whichever is higher), GDS ratio (housing costs must be ≤39% of gross income), and TDS ratio (all debts + housing must be ≤44% of gross income). If your down payment is less than 20%, CMHC insurance is added to your mortgage — which increases the loan amount you must qualify for.
This calculator applies all three rules simultaneously. The green/red verdict tells you whether a lender would likely approve this purchase based on the numbers you entered. For a precise pre-approval with actual lender rates, contact our team.