Canada • CAD • Canada Revenue Agency (CRA)View GlobalWe use cookies and similar technologies to improve your experience, analyze traffic, and serve personalized ads. See our Privacy Policy.
Canada • CAD • Canada Revenue Agency (CRA)View GlobalWe use cookies and similar technologies to improve your experience, analyze traffic, and serve personalized ads. See our Privacy Policy.
Canada calculator
House Affordability Calculator calculator for Canada. Enter your details to get Canada-specific results based on current rates and regulations.
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Find out how much house you can afford based on your income, existing debts, down payment, and current mortgage rates. The calculator uses the 28/36 rule — the standard guideline lenders use to determine affordability.
Lenders generally follow two rules: (1) Your monthly housing payment should not exceed 28% of gross monthly income (front-end ratio). (2) Your total monthly debt payments should not exceed 36% of gross monthly income (back-end ratio). These rules help ensure you can comfortably afford your home without becoming house-poor.
Max Home Price = (Monthly Income × 0.28 - Property Tax - Insurance - HOA) × [(1+r)^n - 1] / [r(1+r)^n], where r = monthly mortgage rate and n = total payments. The maximum affordable home price depends on your income, the interest rate, property taxes, insurance, and your down payment amount.
A Canada household earns C$100,000 annually (C$8,333/month). At 28% housing ratio: max monthly housing cost = C$2,333. Minus C$250 property tax and C$125 insurance = C$1,958 for principal and interest. At 6.5% over 30 years, this supports a mortgage of approximately C$305,000. With a C$50,000 down payment, max home price = C$355,000.
Your credit score (higher = lower rate), existing debts (car loans, student loans, credit cards), down payment amount, current mortgage rates, property tax rates in your area, homeowner's insurance costs, HOA fees, and your employment stability all affect how much home you can afford. Getting pre-approved gives you an exact number based on your financial situation.
We use the 28/36 DTI rule as the primary affordability metric, which is the standard used by most conventional lenders. Property tax and insurance estimates are based on national averages. Mortgage rates reflect current market conditions. For a personalized assessment, we recommend getting pre-approved with a local lender who can evaluate your complete financial profile.
Last Updated: June 2026 — Reviewed Against Official Sources
Canada calculators use data from the following official government agencies:
Our Canadian calculators use federal and provincial tax brackets, CPP/QPP contribution rates, and EI premiums published by the Canada Revenue Agency (CRA). Economic data is sourced from Statistics Canada. Mortgage calculations use Bank of Canada rates and market averages. All figures are for educational purposes.
All tax brackets, contribution rates, and economic data used in our calculators are sourced from the official government publications listed above. Rates are updated at least annually to reflect the latest tax year and regulatory changes. Users should verify critical figures with official sources or qualified professionals.
Last updated: June 2026. Information may change; always verify with official sources.
Calculates monthly mortgage payments including taxes, insurance, and HOA