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How Much Can I Borrow?

Use this handy calculator to get a sense of the Mortgage amount that could work for you.

Choose your Borrow type
Down Payent for Prchase Price table
Purchase Price Minimum Down Payment Required
$500,000 $25,000
$600,000 $35,000
$700,000 $45,000
$800,000 $55,000
$900,000 $65,000
$999,999 $75,000
$1,000,000 $200,000
Footnote ‡ For a purchase price of $500,000 or less, the minimum down payment required is 5%. For a purchase price between $500,000 and $999,999, the minimum down payment is 5% of the first $500,000 plus 10% of the remainder. If the purchase price is $1 million or more, the minimum down payment required is 20%.

Based on what you've entered above, you might be able to qualify for a Mortgage of $95,000.00. The actual amount you qualify for can only be determined once you've applied and met our credit requirements. If you'd like to see what your payments would be for a Mortgage of $95,000.00, use our Mortgage Payment Calculator.

The results are for demonstration purposes only and should not be relied up on as financial advice. Calculations are based on the Bank of Canada five-year mortgage rate used in mortgage stress tests and assume no change in the interest rate over the life of the mortgage. This rate is 5.25% and is subject to change. The actual qualifying interest rate for your morgage may be different.