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MORTGAGE RATES |
Current Mortgage Rates |
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View some of the current mortgage rates here. Contact me for additional Mortgage Broker rates. |
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PAYMENTS
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Mortgage Calculator |
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Get an idea of mortgage payments with this mortgage calculator. |
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C.M.H.C. |
CANADA MORTGAGE AND HOUSING GUIDELINES |
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The first rule from C.M.H.C. is that your monthly housing costs should not exceed 32% of your gross monthly household income. (This is referred to as Gross Debt Services or GDS). Secondly, your entire monthly debt load should not be any more than 40% of your gross monthly income. (This is referred to as Total Debt Services or TDS) CMHC insurance rates for high ratio mortgages.
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MORTGAGE TOOLS
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How Much Can You Afford |
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To help you estimate the maximum mortgage you can afford, CMHC has developed this easy to use mortgage tool. |
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C.M.H.C. |
Informative Calculations |
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The maximum home price that you can afford depends on a number of factors but the most important are your gross household income, your down payment and the mortgage interest rate.
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Associated Costs |
Being Financially Ready |
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Once you have figured out the home price range you can afford and the type of mortgage you qualify for, you will need to calculate all of the associated costs of the transaction to make sure you are financially ready. You need to know these associated costs. |
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