Will you qualify for a mortgage? Test your numbers against Canadian lending rules.
Build a scenario and see an instant estimate: maximum mortgage, GDS/TDS, the stress-test rate, CMHC, and potential lender categories. Try it with sample profiles — then log in to run your own.
Assumptions: property tax 1% of value/yr, heating $100/mo, 50% of condo fees. Ontario licensed. Other provinces are estimates.
CMHC insurance required (90% LTV) — premium ≈ $20,925 added to your mortgage.
- CMHC insurance required (90% LTV); premium ≈ $20,925.
Potential lender categories: Banks · Monolines · Credit Unions. Not a lender match or approval.
Ready to act on these numbers?
Today’s rates are at multi-year lows. A licensed advisor shops 100+ lenders and locks your best rate — free, no obligation, no credit pull to start.
Three steps to your number.
1. Build your scenario
Pick buy / refinance / renew / HELOC and enter price, down payment, income, debts, credit and rate. Or load a sample profile.
2. See your result
Instantly get your max mortgage, GDS/TDS, stress-test rate, LTV and CMHC — the same math an underwriter runs.
3. Match to lenders
See potential lender categories, with no lender-specific approval promise. Log in to run your real numbers, then an advisor confirms it.
The same math a lender runs.
GDS / TDS ratios
Shelter and total-debt as a share of your income, against insurer limits (39% / 44%).
Stress test
Qualifies you at the greater of your rate + 2% or 5.25%, per B-20.
LTV + CMHC
Loan-to-value and the insurance premium when you're under 20% down.
Lender fit
Which lenders' guidelines match your profile — A, alt-A, or B.
Qualification simulator — answered.
How the simulator works, what it checks, and what comes next.
How does the qualification simulator work?
Enter your scenario — price or home value, down payment, income, debts, credit score and rate — and the simulator runs the same qualifying math a lender's underwriter uses: your GDS/TDS ratios3, the stress-test qualifying rate (the greater of your rate + 2% or 5.25%)1, your loan-to-value, CMHC insurance, and your maximum mortgage. It shows potential lender categories; an advisor must review the documents and lender policy to confirm a match.
Is this a real approval?
No — it's an instant estimate to show you where you stand and who's likely to lend. A real approval depends on documents (income, down payment, credit) reviewed by a licensed advisor and the lender2. The demo here uses sample numbers; log in to run your own file, then a broker confirms it.
Why do I need to log in to run my own scenario?
The public demo lets you explore with sample profiles. Logging in lets you save your real scenarios, run them privately, and have a licensed advisor pick them up — your numbers stay on your file, not in a public tool.
Which lenders does it check?
Our network spans 100+ lenders — the Big-6 banks, monoline A-lenders, credit unions, and alt-A / B-lenders for tougher files (self-employed, bruised credit, new to Canada). The public demo shows lender categories only. An advisor checks current guidelines and your documents before proposing lenders.
What's the stress test and why does it lower my number?
Federal rules require lenders to qualify you at the greater of your contract rate + 2% or 5.25%, not the rate you'll actually pay1. OSFI's Guideline B-20 sets this for uninsured mortgages at federally regulated lenders, and the same test applies to insured mortgages. (Since November 21, 2024, a straight switch to a new lender at renewal, with no increase in amount or amortization, doesn't need to be re-qualified.) It's a buffer in case rates rise. The simulator shows both your real payment and the qualifying payment so you can see the gap.
Does using this affect my credit score?
No. Nothing here pulls your credit — you type in your own estimate of your score. A formal credit check only happens later, with your consent, when you start a real application.
Where the numbers come from.
Primary sources for the rules and figures above. Rates and lender policies change — confirm anything you plan to act on with a licensed advisor.
- 1
OSFI, Minimum qualifying rate for uninsured mortgages
Uninsured mortgages at federally regulated lenders are qualified at the greater of the contract rate plus 2% or 5.25%.
- 2
Financial Consumer Agency of Canada, Getting a mortgage preapproval
How lenders assess income, debts (GDS/TDS) and the mortgage stress test, and what a pre-approval does.
- 3
CMHC, Calculating GDS / TDS
How gross debt service and total debt service ratios are calculated for insured mortgages, and CMHC's maximum ratios.
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¹ Rate Beat: eligible Big-6 bank written offers only · same product, term & amount · $500 paid to you or your nominated charity at closing · conditions apply