Affordability

How much home can you afford?

This tool is designed to help you estimate the maximum home purchase price best suited to your individual financial situation. This calculator is for illustrative purposes only and defaults to our 5-year fixed promo rate when calculating the estimate. Please refer to the qualifying rate as set by the Bank of Canada2 as you'll need to qualify at that rate, or your potential mortgage interest rate plus 2%, whichever is higher.

Work with one of our financial advisors or local credit planning consultants (CPCs) who can help you through the homebuying process and provide valuable financial and credit expertise.

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Annual income

Monthly expenses

Mortgage information

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Based on the information provided, we estimate you qualify for a maximum purchase price of .1
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Assessment

Based on your selections, here is your unique mortgage Affordability Assessment.

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Maximum purchase price
Down payment percent
Down payment amount
Principal mortgage amount
Default insurance $9,101
Total mortgage amount

Payment options

Meet with a Credit Planning Consultant to explore other options and be mortgage-free faster.

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Frequency Amount Amortization
Monthly
Semi-Monthly $865
Accelerated Bi-Weekly $866
Accelerated Weekly $433

Payment options

Meet with a Credit Planning Consultant to explore other options and be mortgage-free faster.

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Frequency Amount Amortization
Monthly
Semi-Monthly $865
Accelerated Bi-Weekly $866
Accelerated Weekly $433

Monthly expenses

Your total monthly expenses will be ;
broken down as follows.

View Monthly Expenses Details



Expense Percent Amount

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Selecting the right mortgage solution that fits your needs is a key component of your financial security plan. One of our expert Credit Planning Consultants will work with you to sort through the various mortgage solutions, helping ensure you find one for your specific situation.