Canadian GDS/TDS · Free · Instant

How much condo can you afford?

We use the same 39% GDS and 44% TDS ratios Canadian lenders use — so the number you see here is the number they'll see.

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Your finances

Pre-tax household income, monthly debt payments, and how much you've saved for a down payment.

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Mid
Maximum Purchase Price
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Capped by your 39% GDS / 44% TDS ratios under Canadian lending guidelines.
Max Monthly Mortgage
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Cash Needed to Close
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Cap Reason
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Where your max comes from

Lenders cap mortgage qualification by these two ratios. The lower of the two wins.

GDS — housing costs ÷ income—
TDS — housing + all debt ÷ income—
GDS limit: 39% · TDS limit: 44% · Qualifying (stress-test) rate: —. Canada's mortgage stress test requires you to qualify at the greater of your contract rate + 2% or 5.25%, even though your actual payment is at the contract rate — so your max price is set by the stressed payment. Property tax estimated at 0.66% of price annually (Toronto effective rate). Condo fee estimate based on building-type slider above. Closing costs include Ontario + Toronto land transfer tax (with first-time-buyer rebate where eligible), lawyer fees (~$2,000), and title insurance. Estimates only — not financial advice.

3 example condos in your range

Active TRREB MLS® listings, sorted closest to your max price. Listings shown are not a complete reflection of all properties available on the MLS®.

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