How much house can I afford?
Estimate a home price based on your income and savings. Include the mortgage, closing costs, and your monthly expenses after moving in.
Canadian planning estimate · No account required
Check the plan
Estimated buying limit: $525,856.
The home price entered exceeds this estimate’s lending or cash requirements. At $650,000, housing would cost about $4,101 a month.
Key numbers
Not included yet: a second applicant's income, condo fees, the first-time buyer land transfer rebate.
Assumptions to check (2)
- The price you entered is above the estimate these inputs support, which is about $525,856. Income, debt, the stress test, down payment, and closing cash can all constrain the result.
- The supported-price estimate checks income, debt, down payment, mortgage-insurance rules, and closing cash before treating a purchase as feasible.
What this means for you
This separates the price these inputs support from the price that still leaves room each month.
Owning also ties up cash and adds ongoing costs, so the biggest supported number is not automatically the best plan.
At the home price tested, the estimate leaves about $1,377 after housing, bills, debt, and savings.
Start by comparing homes around $525,856 or less. If you want the tested price, try a bigger down payment or lower monthly debt first.
Closing cash looks covered. Keep that cash separate so it is still there when you need it.
The inputs that move this answer most: Down payment · Mortgage rate · Debt payments · Property tax and heat.
See how Fred can help with the next stepEstimates only, not financial advice. Rates checked June 2026.
Work backwards from the home you want.
When would you like to buy, and what would you need to get there? Fred works backwards from your goal. He researches account options and purchase costs, then builds a plan around your savings, debts and the life you want to keep enjoying.
How do we get from here to our first home?
Ask Fred to create your home goal and update your budget with your approval. When life changes, return to him to review the plan.
7 days free. No card required.You make the decisions. Fred handles the rest.
He remembers what matters to you.
He remembers the context you share, so you don’t have to start from scratch every time. When life changes, return to Fred to work through what to adjust.
Understand the work behind the answer.
Fred researches your options, runs the numbers and explains how the steps fit together. You can review his sources, question an assumption or ask him to compare another option.
You approve the plan. Fred puts it into motion.
Ask Fred to create the goal, adjust your spending plan or organise the expenses. He checks the changes and tells you what was saved. See how he helped put an Italy trip into the plan.