Tools to calculate your mortgage payments and costs in Canada Nov 1st

Obtaining a mortgage or secured line of credit in Canada at the best rates is often a daunting task. We can help! Read the articles below for more info.
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 property mortgage

How much income do I need to qualify for a mortgage in Canada? + MORE Apr 18th

Buying a home in Canada isn’t for the faint of heart—or light of wallet. Home prices have steadily trended higher over the past decade, coming to a national average of $698,520 in March 2024. That’s a 75% increase compared to January 2014, and it marks a whopping dollar difference of $398,119,.... More »
 secure line of credit

Why Everyone Should Choose The Longest Amortization Possible + MORE Oct 16th

One of the most common requests I get when discussing mortgage options with my clients is that they want the shortest amortization they can afford. They want to pay their mortgage off as soon as possible.  I get it! And then I hit them with an unexpected recommendation. I tell them to take the .... More »
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CMHC reports annual pace of housing starts down in May compared with April Jun 17th

Canada Mortgage and Housing Corp. says the annual pace of housing starts in May fell 6% compared with April..... More »

New year, better mortgage rates: Credit tips to get you there + MORE Jan 5th

As we step into a new year, it’s a great time to reassess your financial habits and ensure your credit profile is in top shape..... More »
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Shelter takes larger share in updated CPI basket weights + MORE Jun 17th

The latest update to the Consumer Price Index (CPI) basket gives even more weight to shelter costs—particularly mortgage interest and rent—underscoring just how much housing expenses are shaping the inflation experience of Canadians..... More »

Owning real estate is a goal for many Canadians, and while it can be a rewarding investment, it comes with financial responsibilities that you must carefully manage. First and foremost, you need to be able to calculate your mortgage payments, down payment, penalty fees and other costs. Online mortgage calculators simplify the process tremendously. Just enter your information and let the calculators do the work.

Together, the mortgage calculators on MoneySense offer a comprehensive view of the costs of buying a home, breaking down key information about your mortgage payment and related expenses, including taxes, insurance, utilities and maintenance costs. Hopefully they will help you make an informed home buying decision and feel confident about your financial future. 

Tools to calculate your mortgage payments and costs
Mortgage affordability calculatorMortgage down payment calculatorMortgage payment calculatorMortgage insurance calculatorLand transfer tax calculatorMortgage refinance calculatorMortgage renewal calculatorRenting vs buying calculator

You’re 2 minutes away from getting the best mortgage rates in CanadaAnswer a few quick questions to get a personalized rate quote*I’m buying a homeI’m renewing/refinancingYou will be leaving MoneySense…

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