The people at CMHC were kind enough to allow us to publish the CMHC Mortgage Affordability Calculator. The Calculator is one of the best mortgage affordability calculators in Canada. It helps Canadians figure out how much they can afford when they are searching for a property with a realtor. Use the calculator below to help find your dream home.
Other Useful Tools
What is CMHC and What is CMHC Insurance?
The story behind CMHC is rather unique. It is a government backed organization that was established after World War II. Canadian Mortgage and Housing Corporation (CMHC) is Canada’s only national housing agency. It was initially designed to figure out the critical issue of housing shortgages in 1946. Since then, it has developed into a superior powerhouse in the industry. It has a say on the entire mortgage industry and plays a helping role in programs/housing research.
We have written a lot about mortgages for Canadians. Here are a few useful articles that our readers viewed as the most important information for Canadian consumers.