How Much House Can I Afford on C$100,000 Income in Canada?

Under Canada's 32% GDS rule, a household earning C$100,000 a year can spend up to C$2,667/month on housing. After the mortgage stress test at 7.24%, that supports a home price of about C$344,825 with 15% down.

Reference Rates
5-yr Fixed 4.49% Variable 3.57% Prime Rate 4.48% BoC Rate 2.2789%
Oct 8, 2026 · Bank of Canada

C$345,000

Max Home Price

C$2,667

Max Monthly Housing (GDS)

C$52,000

Down Payment

7.24%

Stress Test Rate

Canada's GDS/TDS Rules vs. US 28/36 DTI

Gross Debt Service (GDS) — 32%

The GDS ratio limits your mortgage principal and interest, property taxes, and heating costs to 32% of your gross monthly income. On C$100,000/year, that is C$2,667/month. This is similar to the US "front-end" 28% rule, but set higher at 32% for insured Canadian mortgages.

Total Debt Service (TDS) — 40%

The TDS ratio adds all other monthly debt obligations (car loans, student debt, credit cards) to housing costs. The maximum TDS is 40% for insured mortgages and up to 44% for conventional mortgages — equivalent to the US "back-end" 36% rule but more flexible.

OSFI Stress Test: Canada requires all mortgage applicants to qualify at max(contract rate + 2%, 5.25%). At today's rates, the qualifying rate is 7.24%, even if your actual rate is lower. This significantly reduces maximum purchasing power compared to face-value rate calculations.

How Interest Rates Change What C$100,000 Can Buy in Canada

Canadian lenders qualify you at the greater of your contract rate + 2% or 5.25% (OSFI minimum qualifying rate), on a 25-year amortization. Figures assume 15% down and no other debts.

Contract rateStress-test rate Max loanMax home price
3.99%5.99% C$329,000 C$387,000
4.49%6.49% C$314,000 C$369,000
4.99%6.99% C$300,000 C$353,000
5.49%7.49% C$287,000 C$337,000
5.99%7.99% C$274,000 C$323,000

Canadian Affordability Calculator

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Maximum Home Price

C$345,000

Based on GDS 32%

Annual Income C$100,000/yr
Monthly Gross Income C$8,333
Max Monthly Housing (GDS 32%) C$2,667
Down Payment (15%) C$52,000
Qualifying (Stress Test) Rate 7.24%

CMHC Insurance Required

With 15% down, CMHC mortgage insurance applies. At this down payment tier, the CMHC premium is added to your mortgage balance — not paid at closing. Check the current CMHC premium tables (2.80%–4.00% depending on exact down payment) when budgeting.

Read the guide

CMHC Mortgage Insurance Explained: Premiums, Rules and Minimum Down Payment →

How CMHC mortgage default insurance works in Canada: 2.80%–4.00% premiums, the C$1.5M insured cap, minimum down payment tiers and 30-year amortization rules.