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How much house can I afford in Canada?
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This model keeps the selected rates constant. Default values are fictional assumptions, not offers or live rates. Read every warning and confirm location, timing, contract terms and any eligibility conditions against the official sources below. No lender decision or recommendation is made.
- Amortization defaults to 30 years: first-time buyers and new builds can get 30-year insured mortgages (CMHC Home Start, from 2024-12-15). Insured premiums are 0.20 points higher.
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Worksheet: Home affordability calculator. Rule set recorded 2024-12-15. Interest, fees, eligibility constraints and local rules vary. These references explain the model’s boundaries; they do not establish that an input matches your situation.
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