Affordability
GDS caps housing cost at $2,438 a month — the limit a lender applies before your other debts count.
The greater of 5.25% or your contract rate plus two points. You must carry the payment at this rate, not the one you are offered.
Lenders use a standard heating allowance of $150 in these ratios — lower than real utility cost. The monthly total above uses your realistic figure on purpose.
No down payment fixes this: all four are declined at this price. The scenarios page shows how far off each one is.
Above the monthly ceiling you set.
That is the price at which the monthly cost stays inside the ceiling you set — not the price a bank would sign off on.
Cash needed at closing
Separate from the down payment, and due the same day.
Every line behind that closing-costs figure — transfer tax, legal fees, which credits arrive on the day — is on the closing-costs page, computed from these numbers.
We can tell you what this costs. Tell us what you have and we can tell you whether it is enough.
The distance between what you can carry and what a bank will sign.
Two ceilings, side by side, on the same scale. Your target price sits somewhere between them — or past them both.
You would be comfortable carrying more than a lender will approve. Your limit is the lender, not your comfort.
Both ceilings, derived line by line.
Nothing here is hidden from you. Every figure traces back to an input or a dated rule.
The greater of 5.25% or your contract rate plus two points. You must carry the payment at this rate, not the one you are offered.
Canadian mortgages compound semi-annually, not monthly.
Housing cost is the limit, not your other debts.
Adjust your numbers
Pre-filled from your city and the dated rules table. Every field is overwritable.
Every figure that carries a sourcing record names where it came from: a dated published source, an estimate we disclose, or nothing at all where nothing is published.
Rules last verified 2026-08-24
Property tax rate from: City of Winnipeg Assessment and Taxation, 2026 Combined Mill Rates by School Division — Winnipeg School Division, 29.366 mills (2026)
Published mill rates apply to an assessment, not to a sale price. This figure estimates the rate against market value and may be off in either direction.