Plan your purchase with Canadian mortgage rules and Ontario tax brackets.
Income
Lenders typically qualify self-employed borrowers on a 2-year average income from their NOAs, not gross revenue. Enter your average qualifying income above.
Add co-borrower income
50% of annual rental income counts toward qualifying
Down Payment
Down payment exceeds purchase price — please reduce your down payment
Eligible for 30-year amortization on new builds
Required for 30-year insured amortization
Monthly Debts
Housing Costs
Mortgage Terms
Maximum Home Price
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Max Mortgage
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Min Down Payment Required
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Stress Test Rate
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CMHC Premium
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Monthly Payment Breakdown
Principal & Interest
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Property Tax
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Heating
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Condo Fees
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CMHC (monthly)
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Total Monthly
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Debt Ratios
GDS Ratio—
Max 39%
TDS Ratio—
Max 44%
GDS measures housing costs vs. income (max 39%). TDS includes all monthly debts (max 44%).