How much house can I afford in Toronto?

Use our affordability calculator to determine your home buying budget based on your income, debts, down payment, and interest rates. Generally, your housing costs should not exceed 32% of your gross monthly income.

How is land transfer tax calculated in Ontario?

Land transfer tax in Ontario is calculated as a percentage of the purchase price: 0.5% on first $55,000, 1% on $55,000-$250,000, 1.5% on $250,000-$400,000, 2% on amounts over $400,000. Toronto has an additional municipal land transfer tax.

What is CMHC insurance and when do I need it?

CMHC insurance is required when your down payment is less than 20% of the home purchase price. The premium ranges from 0.6% to 4.5% of the mortgage amount, depending on your down payment size.

How accurate are these real estate calculators?

Our calculators provide accurate estimates based on current rates and regulations. For personalized advice and exact calculations, consult with a mortgage professional or real estate expert.

Mortgage Calculator - Condos and Homes Hub

Your premier online destination for comprehensive real estate solutions in the dynamic industry. Here, you can explore an extensive array of properties, from opulent condos that epitomize luxury to quaint homes that exude charm and character. Our platform is designed to keep you informed with the latest market trends and expert insights, ensuring that you have all the information necessary to make well-informed decisions. We are committed to providing personalized support throughout your journey, helping you navigate the complexities of the real estate market. Together, we will turn your vision of the perfect property into a tangible reality. Whether you're a first-time buyer or an experienced investor, our resources and expertise are at your disposal to facilitate a seamless and rewarding experience.

CMHC Insurance Calculator