Free mortgage calculators built for BC and Alberta buyers, updated for 2026 rules: the stress test, the $1.5M insured cap, and BC’s first-time buyer exemptions. No email required to see your numbers.
Loading the calculator suite… every tool is also linked below.
Built for Canadian rules, not American math
Every calculator here uses semi-annual compounding (how Canadian fixed rates actually work), the 2026 stress test (you qualify at your contract rate plus 2%), the $1.5M insured mortgage cap, and BC’s property transfer tax exemptions for first-time buyers and new builds. Alberta scenarios are covered too: no land transfer tax, and different closing costs.
All 12 tools
- Purchase Calculator: total monthly cost, minimum down payment, insurance, and cash to close, with BC rules built in.
- Mortgage Payment Calculator: semi-annual compounding, every payment frequency, and what prepayments actually save.
- Maximum Mortgage Calculator: your stress-tested maximum, and what would raise it.
- Required Income Calculator: the income a lender needs to see for the home you want, and the gap if you’re short.
- Debt Service (GDS/TDS) Calculator: the two ratios every lender checks, plus your headroom before the caps.
- Land Transfer Tax Calculator: every province and territory, every rebate, including BC’s first-time buyer and new build exemptions.
- Closing Cost Calculator: everything between the accepted offer and the keys: taxes, rebates, legal fees, and GST.
- Renewal & Switch Calculator: what signing your bank’s renewal letter actually costs versus switching.
- Mortgage Penalty Calculator: three months’ interest versus IRD, and why big-bank penalties run 3 to 5x higher.
- HELOC Calculator: the 65% revolving cap, the 80% combined cap, and the payment on what you draw.
- Rent or Buy Calculator: a net-worth race between owning and renting while investing the difference.
- Compare Scenarios: up to four mortgages side by side: payments, insurance, cash to close, and where you stand in five years.
When the numbers are tighter than you hoped
These tools qualify you the way an A-lender does. They can’t see bank-statement programs for self-employed borrowers, B-lender options after a bank decline, or 50+ lenders competing for your file. If your numbers are close but not quite there, get in touch or call or text 250-859-2100. A 15-minute conversation usually finds room the math can’t.