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Mortgage stress test calculator Canada

How much mortgage you qualify for under the stress test (greater of your rate + 2% or 5.25%) with GDS 39% and TDS 44%.

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Method & assumptions

How much mortgage you qualify for under the stress test (greater of your rate + 2% or 5.25%) with GDS 39% and TDS 44%.

payment ≤ min(39% × income − housing costs, 44% × income − housing − debts) at max(rate + 2%, 5.25%)

Worked example

Household gross income per year: 140,000
Down payment: 100,000
Contract interest rate (%): 4.29
Amortization (years): 25
Property tax per year: 4,500
Heating per month: 100
Condo fees per month: 0
Other debt payments per month: 500

→ Qualifying (stress-test) rate: 6.29 %
→ Maximum mortgage you qualify for: CAD 620,106.69
→ Maximum price with your down payment: CAD 720,106.69
→ Monthly payment at your contract rate: CAD 3,360.10
→ Limiting ratio: GDS 39 %

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