Affordability Calculator for GTA Dreams

Unlock your homebuying potential with Syed Haseen Rizvi, partnering with one of the best real estate agents. This precise affordability calculator is powered by CMHC-validated formulas and shows max purchase prices, down payments, and payments for Toronto’s 2026 market. Factor in the mandatory stress test (qualifying rate ~6.25%) to qualify confidently

Step-by-Step Affordability Check

Plug in real numbers for GTA-specific results:

• Household income: $100K+ common for first-time pairs.
• Debts/expenses: Student loans, alimony impact TDS (max 44%).
• Savings/down payment: 5% min unlocks up to $500K-$1M homes.
• Rates/amortization: 25 years standard; taxes at Peel/Toronto 0.6-0.8%.
• Stress test: Ensures you can afford hikes to benchmark +2% or 5.25%.
• Sample: $120K income, $400 debts yields $850K max home ($68K down), $4,100/month payments (stressed $4,700). Closing costs: $20K-$35K.

Maximize with Top Realtor Insights

The best real estate agents like Syed Rizvi translate numbers to action: Pre-approvals, property matches in Hamilton condos ($550K avg) or York houses ($1.6M). Avoid pitfalls. Over 30% buyers stretch TDS limits per CMHC reports.
Expert Tip: Debt under 10% income boosts range 15%; 20% down skips 2.8-4% insurance.
Run your scenario today, then connect with Syed for tailored listings and bids.