How much house can I afford?
A straight answer from your take-home pay, for every province and territory. Start from what you earn or from a price you've seen, and this works out the other.
Affordability is province-specific: income tax decides your take-home, and property tax and condo fees decide what the home costs to hold. Pick where you're buying and the calculator uses that province's figures.
The same $120,000 across Canada
10% down on a detached, 35% of take-home on housing, a 4.04% mortgage over 25 years. The spread comes from income tax (what you keep) and property tax and strata fees (what the home costs to hold).
| Province | Take-home | Max price | All-in monthly |
|---|---|---|---|
| British Columbia | $7,422/mo | $373,000 | $2,593 |
| Alberta | $7,355/mo | $358,000 | $2,569 |
| Saskatchewan | $7,132/mo | $331,000 | $2,493 |
| Manitoba | $6,990/mo | $314,000 | $2,433 |
| Ontario | $7,279/mo | $340,000 | $2,541 |
| Quebec | $6,853/mo | $320,000 | $2,393 |
| New Brunswick | $6,994/mo | $309,000 | $2,442 |
| Nova Scotia | $6,764/mo | $305,000 | $2,362 |
| Prince Edward Island | $6,846/mo | $311,000 | $2,389 |
| Newfoundland and Labrador | $6,923/mo | $326,000 | $2,413 |
| Yukon | $7,406/mo | $344,000 | $2,579 |
| Northwest Territories | $7,402/mo | $330,000 | $2,585 |
| Nunavut | $7,576/mo | $326,000 | $2,648 |
Common questions
Why does the province matter?
Two reasons. Income tax decides what actually lands in your account, and it varies by thousands a year across the country on the same salary. Then property tax rates and condo fees decide what the home costs to hold every month. Both feed straight into what you can carry.
Is this a mortgage pre-approval?
No. This is what fits your pay. A lender additionally runs the OSFI stress test and the GDS/TDS ratios against your gross income and your other debts, which can land higher or lower. The full calculator does that part.
How much does the mortgage rate change this?
A lot, and it is the one number here you can go and shop for. Every point of rate costs roughly 7-8% of the price you can carry: on $120,000 the same household affords about $373,000 at 4.04% and about $344,000 one point higher. Pick a province above and type your own quoted rate in; every figure on the page follows it.
Want the whole picture?
The full calculator takes what you entered above and adds closing costs, land transfer tax, what a lender would actually approve, and a month-by-month budget. Nothing is re-typed.
Open in the full calculator →