This calculator works out the most you can spend on a home from your household income, your savings for a down payment and your other debts. It applies the rules lenders use: the mortgage stress test, CMHC’s debt service limits and the federal minimum down payment.
How much house each income buys
| Household income | Most you can spend, minimum down | Most you can spend, 20% down |
|---|---|---|
| $40,000 | $160,000 | $187,000 |
| $50,000 | $205,000 | $241,000 |
| $60,000 | $251,000 | $294,000 |
| $70,000 | $296,000 | $347,000 |
| $75,000 | $319,000 | $373,000 |
| $80,000 | $342,000 | $400,000 |
| $90,000 | $387,000 | $453,000 |
| $100,000 | $432,000 | $506,000 |
| $120,000 | $524,000 | $612,000 |
| $150,000 | $667,000 | $772,000 |
| $175,000 | $786,000 | $904,000 |
| $200,000 | $905,000 | $1,037,000 |
| $250,000 | $1,143,000 | $1,303,000 |
Each figure is the highest price at which that income still passes the stress test and CMHC’s 39% housing-cost limit. Property tax is taken as 1% of the price a year and heat as $150 a month, over 25 years with no other debts, at the Bank of Canada’s new 5-year fixed averages for June 2026. The right-hand column only works if you have 20% saved.
Salary pages: $40,000, $50,000, $60,000, $70,000, $75,000, $80,000, $90,000, $100,000, $120,000, $150,000, $175,000, $200,000, $250,000.
How the answer is worked out
Two limits apply, and whichever is lower sets your price:
- Income. Lenders qualify you at the higher stress-test rate, and your housing costs at that rate have to fit within CMHC’s GDS and TDS limits.
- Savings. Your down payment has to cover the minimum for the price: 5% of the first $500,000 and 10% of the rest, or 20% at $1,500,000 or more.
With less than 20% down, a CMHC premium is added to the loan, which lowers the price your income supports. The income-to-afford guide sets out each rule and its source, and works the question the other way, from a home price to the income it needs.
Affordability by province
The province pages compare local benchmark prices with the income they need, including the main cities:
- Ontario (Toronto, Ottawa, Hamilton), Quebec (Montreal)
- British Columbia (Vancouver), Alberta (Calgary, Edmonton)
- Saskatchewan, Manitoba (Winnipeg), and the Prairie comparison
- Nova Scotia (Halifax), New Brunswick, Prince Edward Island, Newfoundland and Labrador, and the Atlantic comparison
Related pages
Browse All How Much House Can I Afford in Canada? Mortgage Affordability Calculator (2026) Articles
Browse all 27 articles in this section.
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- How Much House Can I Afford on a $150,000 Salary in Canada?
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- How Much House Can I Afford on a $200,000 Salary in Canada?
- How Much House Can I Afford on a $250,000 Salary in Canada?
- How Much House Can I Afford on a $40,000 Salary in Canada?
- How Much House Can I Afford on a $50,000 Salary in Canada?
- How Much House Can I Afford on a $60,000 Salary in Canada?
- How Much House Can I Afford on a $70,000 Salary in Canada?
- How Much House Can I Afford on a $75,000 Salary in Canada?
- How Much House Can I Afford on a $80,000 Salary in Canada?
- How Much House Can I Afford on a $90,000 Salary in Canada?