What Can you afford?
In order to set the scale for economic stability the Canadian Government has established certain regulations to be sure that we do not put ourselves into too much debt. They have also regulated the minimum percentage needed for a down payment on a purchase. The calculators below are some great tools to figure out what you can afford and give you an idea on the payments you will have...
Mortgage Payment & Rate Calculator
Rent VS Buy
This Calculator will give you and idea on what your payments will be. It takes into account the market rates, terms as well as your downpayment. This calculator is a good start to help you get an idea of what your payments will be.
This Calculator will give you a chance to figure our what you will be able to afford based on your income and debt ratio. This is a good start so you are able to make informed decisions on what your mortgage payment ability is.
This Calculator will give you a better idea of the cost of renting your home vs buying your home. This will help you decide if home ownership is right for you.