Enter your income, debts and down payment to see the price range lenders are likely to approve — tested at today’s stress-test rate, the way banks do it.
You could afford a home up to about
$666,000
Limited by income and debts.
An estimate using the usual bank limits (39% / 44%). A pre-approval from your lender gives the real number.
We find the highest price where your housing costs stay under 39% of your gross income and all your debts under 44%, using the stress-test rate. If your down payment is under 20%, CMHC insurance is added to the mortgage; the minimum down payment rules also cap the price.
Next: see the payment on a specific home, or tell us what you’re looking for and we’ll send homes in your budget.
Rates and rules checked October 2026.
Lenders check that you could still afford the payments at a higher rate: the greater of your contract rate plus 2% or 5.25%. That qualifying rate, not your actual rate, sets how much you can borrow.
Gross Debt Service is your housing costs (mortgage, property tax, heating and half of any condo fees) as a share of gross income — usually at most 39%. Total Debt Service adds your other debt payments — usually at most 44%.
Pay down car loans or credit cards (they count against you every month), save a larger down payment, or add a co-borrower’s income. A 30-year amortization also helps if you qualify.
No — it’s an estimate. A lender or mortgage broker confirms your income, credit and debts for a pre-approval, which also holds a rate for you for a few months.