Mortgage Readiness Tool
What Purchase Range Could My Income Support?
Stress-test your assumptions before you confuse a listing price with an affordable purchase price.
Mortgage Qualification Compass
Model income, housing costs and monthly debt against the current federal stress-test framework. Then compare the rate you entered with transparent market-rate context.
Formula reviewStress-test and debt-service planning logic reviewed 15 Aug 2026Assumptions & limits
Illustrative maximum purchase price—Based on the selected assumptions and debt-service ceilings—not a pre-approval.
Stress-test rate used—
Estimated maximum mortgage—
GDS at modeled maximum—
TDS at modeled maximum—
Monthly stress-test housing payment—
Market Rate Compass
Rate context, with timestamps—not a fake “live rate” claim.
Special mortgage offers have conditions and can change without notice. This board separates official Bank of Canada benchmarks from manually verified bank snapshots.
Bank of Canada policy rate2.25%BoC observation 2026-08-13
Typical major-bank posted 5-year conventional rate6.09%BoC weekly observation 2026-08-12
RBC4.89%5-year fixed closed specialVerified 2026-08-14
BMO4.84%5-year Smart Fixed closedVerified 2026-08-14
TD4.84%5-year fixed closed specialVerified 2026-08-14
ScotiabankCheck live5-year fixed / special offerNo current numeric snapshot stored
CIBCCheck live5-year fixed / special offerNo current numeric snapshot stored
Private Strategy Handoff
Review My Purchase Range →Qualification is a range. The move is a strategy.
Use this planning range to frame a conversation about price, timing, property type and the financing professionals who can verify your approval.
Ready to Start Your Real Estate Journey?
Professional guidance for buyers, sellers and investors across the Greater Toronto Area.