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Mortgage Squad Advisors
Qualification simulatorFree · no credit pull

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 requiring advisor review. Try it with sample profiles below — then log in to run your own.

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Live demo · sample profiles
Numbers are illustrative — log in to run yours
Within sample ratio limits — lender review required
Max purchase price
$750,621
Max mortgage
$702,646
Stress rate
6.49%
LTV
90%
GDS
38.7%
TDS
43.4%
CMHC
$20,925
  • CMHC insurance required (90% LTV); premium ≈ $20,925.

Potential lender categories: banks, monoline lenders and credit unions. This is not a lender match or approval. Income documentation, credit, property and lender policy need review.

Assumptions: property tax defaults to 1% of property value annually, heating to $100/month, and 50% of condo fees is included. Mortgage Squad Advisors arranges mortgages in Ontario. For other provinces, results are an estimate only.

This is a sample. Log in to run your real numbers, save scenarios, and get matched live.
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How it works

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.

What the simulator checks

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 — FAQ

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.

Fact-checked by Surrayya Afzal, Principal Broker, FSRA #M14001433. Last reviewed: October 2026.

Sources

Primary sources for the rules and figures above. Rules, rates and lender policies change, so confirm anything you plan to act on with a licensed advisor.

  1. 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. 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. 3. CMHC, Calculating GDS / TDS: How gross debt service and total debt service ratios are calculated for insured mortgages, and CMHC's maximum ratios.

Run your real numbers in private.

Log in to save scenarios and run your actual file, or talk to a licensed advisor who reviews your documents and compares lender options and quotes.

Run my scenario Ask Maya