Rent Cap Calculator

Name: Kraft Mortgages Canada Inc.
Address: #301 - 1688 152nd Street, Surrey, BC, V4A 4N2, CA
Telephone: +1-604-593-1550
Price range: $$

Calculate the MLI Select affordable rent limit: 30% of the median renter household income for your market

Market Inputs

Median Renter Household Income — annual ($)

Use CMHC's published median renter income for the project's market (not overall household income).

Proposed Monthly Rent ($)

Compliance Results

Maximum Allowable Rent

$1625

30% of median renter income ÷ 12 (per unit, per month)

Compliance Status

OVER LIMIT

Exceeds by $175