Affordability calculator

Estimate a healthy monthly rent budget. CMHC and most financial advisors recommend keeping rent below 30% of gross income.

Annual gross income (CAD)

Other monthly debt payments (CAD)

Target % of income on rent

Gross monthly income$6,250

Conservative (25%)$1,563

Recommended (30%)$1,875

Stretch (35%)$2,188

Rule of thumb only. Your actual affordability depends on debts, savings goals, and lifestyle. Not financial advice.