Make smarter decisions

Determining how much you can afford is the first step in buying a home. Affordability is based on a number of different factors like income, personal expenses, and costs associated with the property. Our calculator estimates the maximum pre-approval amount you can qualify for.

Calculate your monthly payment using your purchase price, down payment, amortization period and mortgage rate. Use our calculator to determine your monthly mortgage payment and corresponding amortization schedule, as well as estimate how much cash you'll need for closing costs.

Mortgage default insurance, commonly referred to as CMHC insurance, is mandatory in Canada for purchases with down payments of less than 20%. Use our calculator to estimate the cost of your mortgage insurance premium.

All provinces charge a land transfer tax, except Alberta and Saskatchewan. In most provinces the tax is calculated as a percentage of the property value. Use our calculator to determine the cost of your Land Transfer Tax.