Canadian banks must test you at a higher rate than you'll actually pay. See if you qualify and how much home you can really afford.
OSFI B-20 2025 Rules
Correct Qualifying Rate
Real Buying Power
Free PDF
Your Details
What is the stress test? Even if your bank offers you a 5% rate, they must check if you could afford payments at 7% (your rate + 2%, or 5.25% minimum). This is required by federal law (OSFI B-20). It typically reduces buying power by 15–20%.
💰 Your Income (what the bank counts)
Base Annual Salary (before tax) i
$
Bonus or Commission Income ibank counts 50%
$
Annual Rental Income ibank counts 50%
$
👥 Joint Application (spouse/partner)
Partner's Annual Salary (before tax)
$
💳 Your Monthly Debt Payments
Enter monthly payment amounts — not balances (except credit cards).
Car Loan or Lease (monthly)
$
Credit Card Balances (total owing) i
$
Enter total balance. Banks calculate 3% as a monthly obligation.
Student Loan Monthly Payment
$
Any Other Monthly Debts
$
🏠 Property & Mortgage
Down Payment
$
The Rate Your Lender Quoted You i5.25%
Stress test qualifying rate: 7.25%
Amortization
Monthly Condo Fees (0 if a house)
$
Province (for property tax)
City
⚠️ For planning purposes only. Not mortgage advice. Speak with a licensed broker for your actual qualification.
Stress Test ResultsReady
💪
Enter your income and the rate you were quoted
The stress test checks if you could afford your mortgage at a higher rate. This is what the bank actually tests before approving you.
Bank Must Qualify You At
—
—
Your Real Maximum Purchase Price
—
—
How the Stress Test Affects Buying Power
Bank Approval Ratios (at stress test rate)
Housing costs vs income (GDS) i—
Must be under 39%
Housing + all debts vs income (TDS) i—
Must be under 44%
Income the Bank Will Count
Base salary—
Bonus (50%)—
Rental (50%)—
Partner's income—
Total qualifying income—
Monthly Debts Counted
Credit cards (3% of balance)—
All other debts—
Total monthly debts—
⚠️ Important: Estimate based on OSFI B-20 guidelines. Actual approval also depends on credit score, employment type, and your specific lender's policies. This is not a pre-approval. Always speak with a licensed mortgage broker before making any offer. CanadaCalc accepts no liability for decisions made based on these estimates.