Income needed to pass the stress test

The gross household income a price needs at the qualifying rate, and what it would need without the test.

Minimum: $35,000
Amortization
Use your municipality's published rate or your last tax bill.
Household income needed$118,800per year, tested at 6.12%
Without the stress test
$98,200
at 4.12%
Extra income the test asks for
$20,600
21% more
Mortgage
$557,820
insured, incl. premium
Binding ratio
GDS
GDS 39.0%, TDS 42.0%

Estimate, not advice. Educational estimate only, not financial, mortgage, tax or legal advice. Lenders, insurers and governments set their own rules and can change them; confirm with a licensed professional before you decide.

Income needed $118,800 at 6.12%.

Assumptions & sources

Assumptions

  • Income is everyone on the mortgage, before tax.
  • GDS/TDS limits 39% / 44% (CMHC).
  • Qualifying rate: max(contract + 2, 5.25%).

Sources

  1. OSFI — Minimum qualifying rate for uninsured mortgages (effective January 29, 2026). Checked .
  2. CMHC — Calculating GDS / TDS. Checked .
  3. CMHC — Homeowner mortgage loan insurance: Purchase (eligibility). Checked .
Want a person to check these numbers?

Get help with your numbers

Free. A person from the MITEY network team replies by email; your message doesn't go to the site you're on.

Sent to the MITEY network team at MortgageStressTestCalculator.ca. We use it only to answer you. See the privacy notice.

Income needed to pass · Powered by MortgageStressTestCalculator.ca · MITEY