Buying toolkit

Run the numbers before you tour.

Layer mortgage payments, land transfer taxes, affordability targets, and CMHC insurance to understand what every move means for your budget.

Mortgage Calculator

Calculate your estimated mortgage payments and total interest based on loan terms and amortization period.

Purchase Price / Loan Amount ($)

Interest Rate (%)

Amortization Period (years)

Payment Frequency

Payment Amount:$3,070.44

Estimate the land transfer tax payable on your property purchase based on province and sale price.

Purchase Price ($)

Province

First-Time Homebuyer

Total Land Transfer Tax:$9,450.00

$400,001 - $2,000,000:$4,000.00

$55,001 - $400,000:$5,175.00

Up to $55,000:$275.00

Determine how much house you can afford based on your income, debts, and down payment.

Annual Income ($)

Monthly Debts/Other Payments ($)

Down Payment ($)

Interest Rate (%)

Amortization Period (years)

Maximum Purchase Price:$534,248.65

Maximum Mortgage:$434,248.65

Estimated Monthly Payment:$2,666.67

GDS Ratio:32.0% (max 32%)

TDS Ratio:38.0% (max 40%)

Calculate CMHC mortgage insurance premium when your down payment is less than 20% of the purchase price.

Purchase Price ($)

Down Payment ($)

Down Payment: 10.00%

CMHC Insurance Rate:3.1%

CMHC Premium:$16,740.00

Total Mortgage Amount:$556,740.00

Note: CMHC insurance is added to your mortgage principal and paid over the amortization period.