Mortgage Resources & Tools
Use these helpful tools and resources to better understand your mortgage options and make informed decisions about your home financing.
Calculate Payments for Your Dream Property
Explore different property types and see what your payments could look like
Downtown Condos
Starting from $400K
Family Homes
Starting from $600K
Luxury Estates
Starting from $1M+
Mortgage Payment Calculator
Get an estimate of your monthly mortgage payments based on the loan amount, down payment, interest rate, and amortization period.
Monthly Payment (P&I)
*This calculation is for principal and interest only. Additional costs like property taxes, insurance, and CMHC premiums are not included.
Get Accurate QuoteHelpful Resources
Everything you need to know about mortgages
- • First-Time Home Buyer Incentive
- • Home Buyers' Plan (HBP)
- • Land Transfer Tax Rebates
- • Minimum down payment requirements
*Rates as of today. Subject to change.
- • Gross Debt Service (GDS) ratio
- • Total Debt Service (TDS) ratio
- • Stress test calculations
- • Maximum purchase price
- • When to refinance
- • Costs and penalties
- • Cash-out refinancing
- • Rate and term refinancing
- • When CMHC is required
- • Premium calculations
- • Payment options
- • Alternative insurers
- • Lump sum payments
- • Increased payment frequency
- • Payment increases
- • Interest savings
Frequently Asked Questions
Common questions about mortgages and the application process
The amount you can borrow depends on your income, debts, credit score, and the property value. Generally, your housing costs shouldn't exceed 32% of your gross monthly income (GDS ratio), and your total debt payments shouldn't exceed 40% (TDS ratio).
For homes under $500,000, the minimum down payment is 5%. For homes between $500,000-$999,999, it's 5% on the first $500,000 and 10% on the remaining amount. For homes $1 million and above, the minimum is 20%.
Pre-approval typically takes 24-48 hours with all required documents. Full approval after you've made an offer on a property usually takes 5-10 business days, depending on the lender and complexity of your application.
You'll typically need: employment letter, recent pay stubs, T4s/NOAs, bank statements, credit report authorization, property details (if purchasing), and identification. Self-employed applicants may need additional documentation.
Ready to Get Started?
Use these tools to get an idea of your mortgage options, then contact me for personalized advice.