RSPolicy 2.25%Prime 4.45%5Y posted 6.09%LIVE · BANK OF CANADA · official series

RECOVERED BOLT TOOL · LIVE RATE

What can I afford?

Reverse affordability using the common 39% GDS / 44% TDS limits and the current mortgage stress-test rate.

STRESS RATE 8.09%

Gross household incomeMonthly debt paymentsAvailable down paymentMonthly tax + heat

Estimated maximum purchase$643,207Directional qualification estimate

Estimated mortgage$543,207

Qualification payment$4,225/moLenders also review credit, income stability, property and insurer rules.