Buying a Home
Home Affordability Calculator
Estimate how much home you could qualify for based on your income, down payment, and debts.
Your Financial Picture
Combined income before tax for all applicants
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Car loans, student loans, credit card minimums, etc.
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Varies by municipality and property value
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Illustrative rate — not a live lender offer
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Maximum 25 years for insured mortgages (down payment under 20%)
Estimated purchase price range
Up to $509,201
Mortgage: $449,201 · $2,824.19/mo
Qualifying assumptions
Stress-test rate used7.49%
Down payment$60,000 (11.8%)
CMHC insurance$13,925
Est. closing costs (~1.5%)$7,638
Estimated cash required$67,638
Results are estimates based on federal GDS (39%) and TDS (44%) qualification guidelines and the current stress test. Actual qualification depends on your credit score, employment history, and lender policies. This is not a mortgage approval or commitment to lend.
Assumptions: Canadian semi-annual compounding; GDS limit 39%, TDS limit 44%; stress test at contract rate + 2% or 5.25% (whichever is higher); CMHC premiums per CMHC published schedule; closing costs estimated at 1.5% (actual costs vary). Rate shown is illustrative — not a live lender offer. Calculated: 2026-10-22.
Ready to review your homebuying budget?
WealthKey will review your full financial picture and find the right mortgage for you.
WealthKey Mortgage Brokerage Inc. · FSRA Lic. #13857 · 1.888.887.3642