How much income do you need to buy a home in Canada?

It depends on the price, your down payment, and the mortgage rate. A lender qualifies you using the stress test — the greater of your rate + 2% or 5.25% — and caps housing costs at about 39% of gross income (GDS). Enter a price to see the income required.

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Home buying

What salary do you need to buy a home?

Enter a home price to see the income a lender would require — using the 2026 stress test and federal mortgage rules.

Home price

Down payment

Mortgage rate

Amortization

Income needed to qualify

$143,251

≈ $3,257/month mortgage payment at the contract rate

$140,000 down on a $700,000 home — a $560,000 mortgage.

Based on the 39% GDS limit at the stress-test rate (the greater of your rate + 2% or 5.25%), plus property tax and heat. Not a pre-approval — confirm with a lender.

Educational estimate only — not a mortgage pre-approval.

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