This page shows what a $150,000 income buys, with and without other debts.
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment
What a $150,000 income buys
| Down payment | Most you can spend | Down payment needed | Actual monthly payment |
|---|---|---|---|
| Minimum | $667,000 | $41,700 | $3,424 |
| 10% | $697,000 | $69,700 | $3,406 |
| 20% | $772,000 | $154,400 | $3,367 |
The assumptions and rules behind these figures are on the affordability calculator page.
With $1,000 of other debts
If $1,000 a month already goes to car loans, lines of credit or student loans, the price drops to about $612,000, from $667,000 with no other debts. The GDS and TDS guide explains why.