$90,000 can be one salary or two. For lenders it’s the same household income.
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment
What a $90,000 income buys
| Down payment | Most you can spend | Down payment needed | Actual monthly payment |
|---|---|---|---|
| Minimum | $387,000 | $19,350 | $2,013 |
| 10% | $409,000 | $40,900 | $1,998 |
| 20% | $453,000 | $90,600 | $1,976 |
The assumptions and rules behind these figures are on the affordability calculator page.
Two incomes
CMHC’s ratios compare housing costs with gross household income, so two people earning $45,000 each qualify like one earning $90,000: about $387,000 with the minimum down payment, or $453,000 with 20% down.