How much home can you afford?
See what you could borrow, what homes cost near you, and your real monthly payment.
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What homes cost
Typical prices by home type, checked against your budget. Pick one to calculate the payment.
Mortgage payment calculator
Enter any price. We'll add mortgage insurance, land transfer tax and closing costs for your area, and tell you if you'd qualify.
The home
Monthly costs and closing costs
Year-by-year table
Estimate only, not financial advice. Rates, taxes and lender rules vary. Talk to a licensed mortgage advisor before you make an offer.
Short answer: in Canada you can usually borrow until your housing costs at the stress-test rate reach 39% of gross income. On a $100,000 household income with no other debts, that's a home of about $421,000 with $21,050 down.
How much house can I afford on my salary?
Maximum home price by household income in Canada, October 2026. Assumes the minimum down payment, a 4.34% 5-year fixed rate (stress-tested at 6.34%), 25-year amortization, 1% property tax and $150/month heating.
| Household income | Max home price | Down payment needed | With $500/mo debts | 30-yr amortization |
|---|---|---|---|---|
| $60,000 | $244,000 | $12,200 | $210,000 | $259,000 |
| $80,000 | $333,000 | $16,650 | $310,000 | $353,000 |
| $100,000 | $421,000 | $21,050 | $410,000 | $447,000 |
| $120,000 | $510,000 | $26,000 | $510,000 | $542,000 |
| $150,000 | $649,000 | $39,900 | $649,000 | $690,000 |
| $200,000 | $881,000 | $63,100 | $881,000 | $936,000 |
| $250,000 | $1,112,000 | $86,200 | $1,112,000 | $1,181,000 |
House prices and income needed in 32 Canadian cities
Average price, entry-level ("from") price and the household income needed for each city's average home with the minimum down payment. Tap a city for its full calculator.
Greater Toronto & Hamilton
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Toronto | $1,099,523 | $1,600,000 | $961,000 (2-bed) | $642,000 | $300,000 (studio) | $240,651 |
| Mississauga | $936,000 | $1,300,000 | $926,000 (2-bed) | $503,000 | $403,000 (1-bed) | $214,013 |
| Brampton | $857,000 | $999,000 | $794,000 (3-bed) | $415,000 | $263,000 (studio) | $200,301 |
| Vaughan | $1,100,000 | $1,600,000 | $1,200,000 (3-bed) | $542,000 | $442,000 (1-bed) | $240,187 |
| Markham | $1,148,938 | $1,500,000 | $1,200,000 (3-bed) | $574,000 | $469,000 (1-bed) | $249,549 |
| Richmond Hill | $1,200,000 | $1,500,000 | $1,100,000 (3-bed) | $593,000 | $465,000 (1-bed) | $261,431 |
| Oakville | $1,400,000 | $1,700,000 | $1,200,000 (3-bed) | $700,000 | $504,000 (1-bed) | $306,584 |
| Burlington | $1,011,658 | $1,300,000 | $1,100,000 (3-bed) | $771,000 | $407,000 (1-bed) | $228,696 |
| Milton | $1,000,109 | $1,300,000 | $965,000 (3-bed) | $544,000 | $461,000 (1-bed) | $221,839 |
| Pickering | $922,000 | $1,100,000 | $854,000 (3-bed) | $464,000 | $425,000 (1-bed) | $215,925 |
| Ajax | $847,000 | $936,000 | $658,000 (2-bed) | $457,000 | $457,000 (2-bed) | $199,165 |
| Whitby | $887,267 | $999,000 | $827,000 (3-bed) | $531,000 | $464,000 (1-bed) | $209,983 |
| Oshawa | $671,033 | $723,000 | $641,000 (2-bed) | $297,000 | $253,000 (studio) | $164,662 |
| Hamilton | $735,000 | $803,000 | $557,000 (2-bed) | $380,000 | $319,000 (1-bed) | $179,038 |
Greater Vancouver
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Vancouver | $1,300,000 | $2,400,000 | $2,000,000 (3-bed) | $820,000 | $412,000 (studio) | $268,392 |
| Surrey | $974,000 | $1,500,000 | $1,200,000 (3-bed) | $442,000 | $235,000 (studio) | $203,569 |
| Burnaby | $1,079,737 | $2,000,000 | $1,700,000 (3-bed) | $693,000 | $477,000 (1-bed) | $224,317 |
| Richmond | $1,100,000 | $1,900,000 | $1,400,000 (3-bed) | $656,000 | $491,000 (1-bed) | $228,905 |
| Coquitlam | $988,000 | $1,500,000 | $1,400,000 (3-bed) | $579,000 | $405,000 (1-bed) | $207,620 |
| Delta | $1,100,000 | $1,400,000 | $1,300,000 (3-bed) | $621,000 | $391,000 (1-bed) | $229,751 |
| Langley | $920,000 | $1,500,000 | $1,400,000 (4-bed) | $474,000 | $388,000 (1-bed) | $193,775 |
| North Vancouver | $1,500,000 | $2,200,000 | $2,100,000 (3-bed) | $726,000 | $541,000 (1-bed) | $260,288 |
| New Westminster | $689,000 | $1,300,000 | $1,300,000 (4-bed) | $573,000 | $433,000 (1-bed) | $147,606 |
| Port Coquitlam | $947,000 | $1,300,000 | $1,200,000 (3-bed) | $521,000 | $429,000 (1-bed) | $199,415 |
| Maple Ridge | $902,000 | $1,200,000 | $860,000 (2-bed) | $437,000 | $385,000 (1-bed) | $191,103 |
| White Rock | $1,300,000 | $1,700,000 | $1,300,000 (2-bed) | $582,000 | $538,000 (1-bed) | $268,725 |
Alberta
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Calgary | $650,490 | $822,000 | $668,000 (2-bed) | $328,000 | $140,000 (studio) | $144,746 |
| Edmonton | $469,602 | $575,575 | — | $215,422 | — | $111,381 |
Ontario (other)
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Ottawa | $700,659 | $898,000 | $789,000 (3-bed) | $434,000 | $297,000 (studio) | $165,207 |
Quebec
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Montreal | $689,824 | $650,000 | — | $437,250 | — | $152,723 |
Manitoba
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Winnipeg | $393,463 | $439,216 | — | $283,715 | — | $100,326 |
Nova Scotia
| City | Average home | Detached average | Detached from | Condo average | Condo from | Income needed |
|---|---|---|---|---|---|---|
| Halifax | $592,675 | $635,169 | — | $426,290 | — | $139,903 |
Prices: Zolo market trends (last 28 days, Aug–Oct 2026) and local real estate boards via WOWA.ca for Edmonton, Montreal, Winnipeg and Halifax. Estimates only, not financial advice. See how we calculate.
Mortgage calculator by city
Frequently asked questions
How much house can I afford on a $100,000 salary in Canada?
About $421,000 with the minimum down payment ($21,050) and no other debts, at a 4.34% 5-year fixed rate and 25-year amortization. $500 a month of car or credit payments lowers that to about $410,000.
How much house can I afford on an $80,000 salary?
About $333,000 with the minimum down payment and no other debts.
How much house can I afford on a $150,000 household income?
About $649,000 with the minimum down payment and no other debts, or roughly $690,000 with a 30-year amortization as a first-time buyer.
How much house can I afford on a $200,000 household income?
About $881,000 with the minimum down payment and no other debts.
What is the mortgage stress test in Canada?
Lenders check that you could still afford your payments if rates rose. You must qualify at the higher of your contract rate plus 2% or 5.25%. At today's best 5-year fixed rate of about 4.34%, that means qualifying at 6.34%. Your real payment still uses your actual rate.
What are the GDS and TDS limits?
Gross Debt Service (GDS) is your mortgage payment at the stress-test rate plus property tax, heating and half of condo fees, and it can be at most 39% of gross income. Total Debt Service (TDS) adds your other debt payments and can be at most 44%.
What is the minimum down payment in Canada?
5% of the first $500,000, plus 10% of the portion between $500,000 and $1.5 million. Homes priced at $1.5 million or more need 20% down because they can't be insured. For example, a $700,000 home needs $45,000 down.
How much is CMHC mortgage insurance?
If you put less than 20% down, mortgage default insurance is added to your loan: 4.00% of the mortgage with 5–9.99% down, 3.10% with 10–14.99% down and 2.80% with 15–19.99% down, plus 0.20% for a 30-year amortization. Ontario, Quebec and Saskatchewan also charge provincial sales tax on the premium, paid at closing.
Can I get a 30-year mortgage in Canada?
Yes. First-time buyers and buyers of newly built homes can get a 30-year amortization on an insured mortgage (less than 20% down). Anyone with 20% or more down can usually choose 30 years with most lenders.
Know your number before you talk to a lender
- Built on Canadian lender rulesStress test, the 39% / 44% debt limits, minimum down payment and mortgage insurance, so your estimate reflects how lenders actually qualify buyers.
- Typical prices for your cityTypical prices by home type from local real estate boards, plus your province's land transfer tax and first-time buyer rebates.
- Private by designEverything runs in your browser. We never see your income, savings or debts.
How lenders decide
Three rules set the size of your mortgage in Canada.
The stress test
Lenders check you could still pay if rates rose. You qualify at your rate plus 2%, or 5.25%, whichever is higher. Your actual payment uses your real rate.
The 39% / 44% rule
Your mortgage payment, property tax, heating and half of any condo fees can't be more than 39% of your gross income. Add your other debts and the total can't pass 44%.
Down payment
You need 5% of the first $500,000 and 10% of the rest up to $1.5M. Homes at $1.5M or more need 20%. With less than 20% down you pay mortgage insurance, which is added to your loan.