What is the B-20 mortgage stress test in Canada?

The B-20 stress test requires Canadian mortgage applicants to qualify at the higher of their contract interest rate plus 2%, or the Bank of Canada's benchmark rate (currently 5.25%). This ensures borrowers can handle potential rate increases.

What is Calgary's property tax rate?

Calgary's combined residential property tax rate (municipal + provincial education) is approximately 0.65%, or $6.50 per $1,000 of assessed property value. Rates are set annually by Calgary City Council based on the approved budget.

Does Alberta have a land transfer tax?

No. Alberta does not charge a provincial land transfer tax. Instead, there is a small Land Title Transfer Fee ($50 base plus $5 per $5,000 of property value) and a Mortgage Registration Fee, which are significantly lower than transfer taxes in other provinces.

What are GDS and TDS ratios?

GDS (Gross Debt Service) is the percentage of gross income needed for housing costs (mortgage, taxes, heating, condo fees). TDS (Total Debt Service) adds other debts. For insured mortgages, lenders typically cap GDS at 32% and TDS at 40%. Conventional mortgages allow up to 39% GDS and 44% TDS.

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🏠 Calgary & Alberta 2025

Home Mortgage Affordability Calculator

Find out how much home you can afford in Calgary. Factors in your credit score, CMHC insurance, B-20 stress test, real property tax rates, and Alberta-specific closing costs — just like a mortgage broker.

✓ Credit Score Qualification ✓ CMHC Insurance ✓ B-20 Stress Test ✓ Dynamic GDS / TDS ✓ Alberta Closing Costs

Estimation only. Based on standard Canadian mortgage qualification rules including credit score-based lender tiers, CMHC guidelines, and the B-20 stress test. Actual qualification depends on your lender and full financial profile. Calgary property tax rates are approximate (2025 combined municipal + education).

🎯 Your Financial Profile

Annual Household Gross Income

Credit Score (Beacon / FICO)

A Lender — Very Good

Down Payment Available

Monthly Debt Payments (car, loans, credit cards)

Property Type

Monthly Condo Fees

50% of condo fees are included in GDS/TDS calculation per lender guidelines.

Annual Interest Rate (contract)

⚠ Stress test rate: 6.79%

Amortization Period

Standard for insured mortgages. 30-year amortization requires 20%+ down payment.

Calgary Property Tax Rate

$ / $1,000

2025 combined municipal + education levy. Editable — adjust for your area.

Monthly Heating Estimate

CMHC Insurance Premium

Auto-calculated from down payment. Override if your lender quotes a different rate.

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Enter your income and financial details, then click Calculate Affordability to see the maximum home price you can qualify for.