nestabode · Buyer tools
Estimate the highest purchase price your income and down payment can carry under standard Canadian qualifying rules.
We estimate borrowing room using mortgage insurer debt ratios (39% GDS and 44% TDS), stress-testing payments at your rate plus 2% or 5.25%, whichever is higher. Federal tiered down payment rules also limit the maximum purchase price. Whichever ceiling is lower, your income or your down payment, sets the estimate.
View available homes in the GTA within this estimated purchase price.
Share your contact details and our team will set up a tailored search for properties within this price range.
Our team will configure a saved search for homes matching your budget.
Love your nest
This calculator provides an estimate, not financial or lending advice. Calculations apply CMHC and Sagen maximum insured debt-service ratios of 39% GDS and 44% TDS, which individual lenders may adjust. Qualifying payments are stress-tested at the contract rate plus 2% or 5.25%, whichever is higher, as required by OSFI for uninsured mortgages and mortgage insurers for insured mortgages, compounded semi-annually. Purchase prices reflect federal minimum down payment tiers (5% up to $500,000, 10% from $500,000 to $1,500,000, and 20% at or above $1,500,000). Heating is estimated at $150 per month. Figures exclude mortgage default insurance premiums, land transfer taxes, and closing costs.