How Much House Can I Afford on C$150,000 Income in Canada?

Reference Rates
5-yr Fixed 4.22% Variable 3.63% Prime Rate 4.44% BoC Rate 2.2422%
May 28, 2026 · Bank of Canada

597000

Max Home Price

4000

Max Monthly Housing (GDS)

119000

Down Payment

7.24%

Stress Test Rate

Canadian Affordability Calculator

%

Maximum Home Price

597000

Based on GDS 32%

Annual Income 150000/yr
Monthly Gross Income 12500
Max Monthly Housing (GDS 32%) 4000
Down Payment (20%) 119000
Qualifying (Stress Test) Rate 7.24%

Affordability at Other Income Levels in Canada