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British Columbia Mortgage Affordability Calculator (2026): Income Needed to Buy

Updated

British Columbia’s benchmark price is shown here beside Greater Vancouver’s, with the income each needs under the stress test.

Household income (before tax, a year)
Savings for the down payment
Other debt payments ($ a month)
Mortgage rate (%), blank for the current average
Amortization (years)
Property tax (% of price a year)
Heating ($ a month)
Condo fees ($ a month)
Most you can spend on a home
Down payment
CMHC insurance premium
Mortgage (with premium)
Qualifying (stress test) rate
Actual monthly payment

Income needed for a typical home

AreaPrice measurePriceIncome needed, minimum downIncome needed, 20% down
British ColumbiaMLS HPI benchmark$874,600$193,500$169,300
British ColumbiaAverage sale price$924,826$204,000$178,700
Greater VancouverMLS HPI benchmark$1,081,900$237,000$208,300

Prices: provincial REALTOR association figures on CREA Stats (August 2026); Greater Vancouver: Greater Vancouver REALTORS (August 2026). Incomes: this site's calculation, with the assumptions on the calculator page.

Greater Vancouver

Greater Vancouver’s benchmark home cost $1,081,900 in August 2026. With 20% down ($216,380) the income needed is about $208,300; the minimum down payment of $83,190 raises it to $237,000. Details on the Greater Vancouver housing market page.

Closing costs

Closing costs are on top of the down payment: see closing costs in British Columbia.

Sources

The figures and rules on this page come from these sources, last checked against them between September 24, 2026 and September 25, 2026. How we check facts.

9 more sources