Question 1

How to calculate my mortgage borrowing capacity?

Accepted Answer

Your borrowing capacity is calculated using two ratios: the GDS (Gross Debt Service) ratio which should not exceed 39% of your gross income, and the TDS (Total Debt Service) ratio which should not exceed 44%. The CourtiConnect calculator uses these ratios to estimate your maximum mortgage.

Question 2

What salary do I need to buy a house in Quebec?

Accepted Answer

The required salary depends on the property price, your down payment, and other debts. For a $500,000 home with a 5% down payment, a household income of approximately $120,000 is typically required. Use our free calculator for a personalized estimate.

Question 3

What are the GDS and TDS ratios?

Accepted Answer

The GDS (Gross Debt Service) ratio compares your housing costs (mortgage, taxes, heating) to your gross income (maximum 39%). The TDS (Total Debt Service) ratio includes all your monthly debts (maximum 44%). Banks use these ratios to determine your eligibility.

Question 4

How much can I borrow with an $80,000 salary?

Accepted Answer

With an $80,000 salary and minimal debt, you could borrow approximately $350,000 to $400,000 depending on the mortgage rate and your down payment. The exact amount depends on your other financial obligations. Use our calculator for a personalized result.

Question 5

Does the mortgage stress test affect my borrowing capacity?

Accepted Answer

Yes, Canadian banks apply a stress test at the higher of your contract rate +2% or the Bank of Canada benchmark rate (5.25%). This reduces your borrowing capacity by 15% to 20% compared to the calculation with the actual rate.

Borrowing Capacity