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How Much Can You Afford?

Our calculators will help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

Complete the fields below and click Calculate Now. To view the results of each calculation, click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
  Receive this Detailed Analysis

Your Monthly Payments
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Calculators for Buyers and Sellers / Land Transfer Tax Info and Mill Rates

 To calculate Land Transfer Tax Click Here.

To calculate Mortgage's Click Here

For the CMHC Calculator Click Here

Land Transfer Tax Full Table Click Here

Handy Calculator: How Much can I Afford to Buy?

Find out the Cost: Rent Vs Buying Calculator

Healthy Homes Renovation Tax Credit Calculator

*** Income Tax Calculator  *** My Fav for double checking my tax bracket during the year - Plus
checking if I should buy RRSPS - https://simpletax.ca/calculator


2017 Mill Rate


To VERIFY PROPERTY TAXES - Visit the Assessment in TREB, find the CVA Value of the Home and Multiply by the appropriate Tax Rate Below

To Calculate Taxes: Assessment X Mill Rate / 100 = Taxes

Tax Rates 2017

Some rates are not yet available. In the meantime, please check with the appropriate city tax department for information on 2017 property tax rates.

Please note: The tax rates posted here are for the most common rate classifications. Tax rates for other property classes can be obtained by contacting the local Municipality's Treasury department.


How To Register For MPAC
Use MPAC to verify Lot Size, Legal Description and Assessed Tax For The Year. All agents who are registered with the Toronto Real Estate Board are able to log on to MPAC (top, middle of page) after you log onto TREB. You first have to register yourself on MPAC before you can use this site. Email yourself the instructions on how to register for MPAC.
5% GST Transitional Rebate On New Housing and Substantially Renovated Housing
Quick Tip Sheet-Short Version
Toronto Land Transfer Tax and Provincial Land Transfer Tax Rebates Tipsheet
Short Form - Tip Sheet
Info sheet on the GST reduction and how it effects closings.
Detailed Report From The Canada Revenue Agency-Long Version
New Municipal Land Transfer Tax (MLTT) and Provincial Land Transfer Tax (PLTT)
Handy tip sheet on who qualifies for the rebate and how figures are calculated
Mortgage Application In PDF
After your client signs it please fax it to our office 905-848-5327
First Name: 
Last Name: 
* * Maximum of 2000 characters

* Assessment-related tax increases for commercial, industrial, and multi-residential properties are subject to provincial capping provisions.  Accordingly, depending on policy established by each municipality, assessment-related tax increases for commercial, industrial, and multiresidential properties will be limited to 5% of the property’s prior year’s taxes, or, 10% of the property’s prior year’s taxes, or, 5% of the property’s full Current Value Assessment taxes. Please check with the municipality regarding their specific policies.

Note: This information is provided by the individual municipalities. The Toronto Real Estate Board assumes no responsibility for the accuracy of this data.