Home Affordability Calculator for Calgary and Alberta
Your maximum purchase price is set by your income, debts and down payment, tested at the higher of 5.25% or your rate plus 2%. Lenders usually cap housing costs at 39% of gross income (GDS) and all debts at 44% (TDS). Enter your numbers below for an estimate, then get a pre-approval for a real answer.
Estimated maximum purchase price
$0
Max mortgage
Payment at your rate
Qualifying rate
Estimates for illustration only, not an approval or quote. Uses the Canadian stress test (higher of 5.25% or your rate plus 2%) and typical 39% GDS and 44% TDS limits where relevant.
Questions About This Calculator
How much house can I afford on $100,000 a year in Calgary?
Roughly $430,000 to $470,000 with 5% down and few other debts, depending on the rate, property tax, heat and condo fees. The stress test and the 39% and 44% debt ratios set the limit. Use the calculator above with your own numbers.
What are GDS and TDS?
Gross Debt Service (GDS) is your housing costs (mortgage payment, property tax, heat and half of condo fees) as a share of gross income, usually capped at 39%. Total Debt Service (TDS) adds all other debt payments, usually capped at 44%.
Does the affordability calculator include the stress test?
Yes. It qualifies you at the higher of 5.25% or your rate plus 2%, as Canadian lenders do, then shows your actual payment at your contract rate.
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