Laxman's First-Home Planner
Stop guessing. See your real buying number in 60 seconds.
This is the same math I walk my clients through on our first call. Enter your income, savings and rent, and I'll show you what you can buy, what it costs each month, and how it compares to renting.
Most online calculators start with a price you pick. I start with you: your income, your savings, your rent. The bank's stress test, BC transfer tax savings and the first-time buyer GST rebate on new homes are built in.
– LaxmanA planning estimate, not a mortgage approval or financial advice. It uses the federal stress test (the higher of your rate + 2% or 5.25%), standard lender limits (39% / 44%), CMHC premiums, BC transfer tax exemptions and the first-time buyer GST rebate. Property tax is estimated at 0.3% of price, heating at $100/month. Eligibility rules apply. Your lender makes the final call.