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Affordability calculator

Find an estimate of how much mortgage or rent you can afford.

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Step 1 - Your desired living situation

Are you looking to buy or to rent?

Buy

I want to be a homeowner.

Rent

I like the flexibility of renting.

I'm not sure

Show me both options.

Step 2 - Your financial information

Step 3 - Your monthly expenses

On average, how much money do you spend each month (excluding housing expenses)?

$0

$0

$0

Not sure? Manually calculate your monthly expenses.

You can also enter your expenses as a single number.

Disclaimer

This calculator is for illustrative purposes only. While every effort is made to keep this tool up-to-date, CMHC does not guarantee the accuracy, reliability or completeness of any information or calculations provided by this calculator. CMHC is not be liable for loss or damage of any kind arising from the use of this tool.

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Date Published: March 21, 2018

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