Mortgage Affordability Ontario. Know Your Number.
Find out exactly how much mortgage you can afford in Ontario in 2026. GDS/TDS ratios, stress test, and CMHC rules explained in plain English. Affordability analysis — FSRA #13763.
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Takes about 30 seconds · Free · No obligation
Today's Best Qualifying Rates — Ontario
Insured (< 20% Down)
Stress tested at 6.04%
4.04% per year
- Highest purchase power
- CMHC insurance required
- 30-year amortization available
Conventional (20%+ Down)
Stress tested at 6.19%
4.19% per year
- No CMHC insurance
- All purchase prices eligible
- Lower lifetime interest cost
High-Ratio (10-19.99% Down)
Stress tested at 6.04%
4.04% per year
- Reduced CMHC premium vs 5%
- Better rate vs conventional
- Balanced down payment strategy
Rates & Approvals: All mortgage approvals are subject to lender conditions and underwriting review. Rates shown are for illustrative purposes only, subject to change without notice, and may vary depending on credit profile, income type, property type, and LTV. Not all applicants will qualify for the lowest advertised rates.
From Income to Pre-Approval — 6 Steps
Affordability Assessment
Share your income, debt, and down payment situation. In 24 hours we tell you your GDS, TDS, stress test result, and maximum mortgage across 50+ lenders.
Qualification Optimization
If your GDS or TDS is constraining your qualification, we identify the specific actions — debt payoff, income documentation, down payment adjustment — that have the largest positive impact.
Lender Matching
We match you to the lender that gives you the best combination of qualifying amount and rate for your income type, debt profile, and down payment.
Pre-Approval + Rate Hold
We submit your pre-approval to the best-fit lender and lock your rate for up to 120 days. You shop with confidence.
Offer + Full Application
When you find your home, we convert pre-approval to a full application. We manage documentation and keep your closing timeline on track.
Closing + Ongoing Support
We coordinate with your lawyer for smooth closing. 90 days before renewal, we reach out proactively.
Why Ontario Buyers Get a Bigger Number With a Broker
50+ Lender Comparison — Real Maximum
Different lenders calculate GDS, TDS, and the stress test differently. We run your qualification across 50+ lenders and identify which ones give you the highest qualifying mortgage.
GDS and TDS Optimization
GDS ≤39% and TDS ≤44% are the key affordability gates. We identify which expenses are constraining your ratios and show you actions that increase your qualifying amount.
Stress Test Clarity
The stress test requires qualifying at contract rate + 2% (minimum 5.25%). We apply it correctly and show you the exact maximum mortgage you qualify for after stress testing.
Self-Employed Income Solutions
Banks undercount self-employed income by using only T4 income. We access lenders that use 2-year average NOA income, gross revenue with expense ratios, or stated income programs.
Debt Impact Analysis
We identify which of your existing debts has the largest negative impact on TDS, and model the qualification improvement from paying each one off.
FSRA Licensed Brokerage #13763
Regulated Ontario mortgage brokerage. We are legally required to act in your best interest — finding the lender that maximizes your qualification.
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Six things that move your number more than the headline does.
Two borrowers can walk into the same lender on the same day and be quoted very differently. These are the inputs that decide which of you gets which number.
Insured vs. uninsured
A mortgage with default insurance carries less lender risk, so it generally prices below an uninsured one. Insurance is required under 20% down, and homes at $1.5M or more can't be insured at all.
Credit profile
Most A-lenders want a score in the low 600s or better for their standard pricing; the sharpest pricing tiers generally sit higher. Below that, alternative and private lenders price differently.
Loan-to-value
How much you're borrowing against the property's value. It sets the lender tier you qualify for, and it often moves pricing within a tier too.
Income type
Salaried T4 income is the simplest to document. Self-employed, commission and rental income can still qualify at A-lender pricing, but the documentation path is different.
Property and occupancy
Owner-occupied, rental, second home, rural, condo, multi-unit, each carries its own lender appetite and its own pricing.
Term and rate type
Fixed follows Government of Canada bond yields. Variable follows bank prime, which moves with the Bank of Canada. Shorter terms and longer terms rarely price the same.
Not sure which tier your file lands in?
That's the first thing we check, before any number is quoted.
Six Commitments That Protect You
Best Rate Commitment
We shop 50+ lenders to find you the lowest rate. If you find a better rate for the same terms elsewhere, we'll match it or beat it.
Rate Hold Commitment
We lock your rate for up to 120 days. If rates fall before you close, we re-apply at the lower rate automatically.
No Hidden Fee Commitment
Every cost is disclosed in writing before you sign. Our brokerage fee is paid by the lender — not by you.
Renewal Outreach Commitment
90 days before your renewal date, we reach out proactively so you're never auto-renewed into a bad rate.
Full Comparison Commitment
We compare all relevant options for every client — you always see the full analysis before deciding.
Plain English Commitment
We explain every term, rate, spread, and penalty in plain language. You make a confident decision, not an anxious guess.
We Remove Every Reason to Hesitate
Fully regulated Ontario mortgage brokerage. Our advice is governed by fiduciary standards — we are legally required to act in your best interest.
Every rate, spread, penalty, and lender restriction is disclosed before you commit. You see the full picture — not just the headline number.
Our analysis is lender-paid. If you don't like the options we find, you walk away with zero fees, zero penalties, zero pressure.
We never share your personal information with lenders without your consent. Your information stays confidential throughout the process.
What Ontario Buyers Say About Our Affordability Analysis
5.0/5 average rating on Google
“Damien Atapattu made my mortgage process completely stress‑free. He prepared all documents ahead of time and clearly understands lender, lawyer, and appraisal requirements. A friendly, energetic professional who gets results.”
Aruna Bandaranayake
Google review · 5 mo ago
“Highly recommend! Damien took a lot of time to explain the terms thoroughly. He is very knowledgeable and trustworthy. Looking forward to working with him again!”
Tommy Ravindran
Google review · 6 mo ago
“Shamal was amazing throughout the whole process. He is very helpful, knowledgeable and patient. If you need a good reliable mortgage broker he is the guy! He will find you the best solution.”
Avy Loc
Google review · 7 mo ago
“Highly recommend. Damien was excellent throughout everything. Walking us through everything step by step. He was extremely well prepared and well versed in everything we needed to get a mortgage at a great rate.”
John Abraham
Google review · 7 mo ago
“I had a great experience working with Damien. He helped me secure a very competitive mortgage rate through Scotiabank and made the entire process smooth and stress-free. He was knowledgeable, transparent, and always quick to respond to my questions. I highly recommend him.”
Rz
Google review · 7 mo ago
“I approached lendsimpl for some financing and was amazed at the quality and time frame of service. Within a matter of days my deal was completed. Thanks to Damien and the team for expediting my business so efficiently. I highly recommend them for your financing needs. Five stars from us.”
Sunrise Meadows
Google review · 10 mo ago
Run the numbers yourself first.
Mortgage Affordability Ontario — Frequently Asked Questions
Answers to common questions about Mortgage Affordability Ontario, from lendsimpl — Ontario's FSRA-licensed mortgage brokerage (#13763).
Have a question we didn't answer?
Our licensed broker team is happy to help.
Two ratios and a stress test. GDS (Gross Debt Service) is your mortgage payment, property tax, heat, and 50% of condo fees as a share of gross income. TDS (Total Debt Service) adds all your other debt payments. Typical A-lender limits are around 39% for GDS and 44% for TDS, though limits vary by lender and insurer. For the stress test, you qualify at the higher of your contract rate plus 2% or the minimum qualifying rate set by OSFI.
The stress test requires you to qualify at the higher of your contract rate plus 2% or the minimum qualifying rate set by OSFI, which lowers the mortgage you can qualify for. Our affordability calculator uses current rates to show your stress-tested maximum.
Your required income depends on the mortgage amount, rate, amortization, property taxes, and heating costs. Lenders add your mortgage payment (at the stress-tested rate), property taxes, heating, and half of any condo fees, then check that total against your gross income using a GDS limit typically around 39%. Use our calculator for a number based on current rates.
GDS (Gross Debt Service) ratio is your monthly housing costs divided by gross monthly income. Costs include: mortgage P&I, property tax (monthly estimate), heating (~$150/month standard), and 50% of condo fees. Maximum GDS for most A-lenders is 39%.
TDS (Total Debt Service) ratio is all monthly debt payments (housing + consumer) divided by gross monthly income. It includes everything in GDS plus car loans, student loans, credit card minimums. Maximum TDS is 44% for most A-lenders.
Often, yes. Different lenders apply GDS and TDS rules differently and use different income inclusion rates. Brokers access 50+ lenders and can identify which one gives you the strongest qualification for your specific profile.
Yes, but the percentage varies by lender. Most A-lenders count 50 to 80% of rental income after expenses. Some count 100% with documented leases.
Banks typically use your lowest year of T1 declared income. Brokers access lenders that use a 2-year average of NOA income, gross revenue with expense ratios, or stated income programs, which can sometimes raise what you qualify for.
Extending from 25 to 30 years lowers your monthly payment, which can improve your GDS and TDS and increase the mortgage you qualify for. Thirty-year amortization is available on insured mortgages for first-time buyers and buyers of new builds, and on most uninsured mortgages.
It depends on gross income, existing debts, down payment, property tax, the stress-test rate, and amortization. We calculate your exact maximum across 50+ lenders. Call (416) 299-6096.
Still have questions?
Straight answers, no pressure.
lendsimpl helps Ontario buyers calculate GDS, TDS, and stress test results across 50+ lenders — from Toronto and the GTA to Hamilton, Ottawa, London, and beyond.
Legal
Important Disclosures
Rates & Approvals
All mortgage approvals are subject to lender conditions and underwriting review. Rates shown are for illustrative purposes only, subject to change without notice, and may vary depending on credit profile, income type, property type, and LTV. Not all applicants will qualify for the lowest advertised rates.
FSRA Licensed Brokerage
lendsimpl is a licensed mortgage brokerage (FSRA #13763), operating under the Mortgage Architects network. All lending is subject to applicable provincial regulations and industry guidelines.
Rates and information current as of June 2026. Always confirm rates and program eligibility directly with your licensed mortgage broker.
Stop Guessing.
A 15-minute call gives you GDS/TDS ratios, stress test results, and your maximum purchase price — before you waste time on homes you can't finance.
Mortgage Affordability
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