Enter your rent and down payment. See your estimated purchase price, monthly payment, and cashback. That is it.
Most renters assume they cannot afford to buy. Most are wrong about by how much, in both directions. Some are closer than they think. Some are further out than they realised. Either way, knowing the real number is the starting point for every decision downstream. Renew the lease. Save harder. Buy now. Buy in eighteen months.
The problem is that every calculator on the internet asks you for tax returns, credit card balances, and an email address before it will give you a number. That is backwards. You should be able to find out what is possible before you commit to anything.
This tool is different on purpose. It runs in your browser. Nothing gets saved. No email required. You get an honest estimate in thirty seconds and you decide what to do with it.
If the number looks good, there is a clear next step. If the number is not where you want it, you know the gap and you know what to work on. That is the whole point.
Here is what the numbers look like right now.
How we calculate this. In Quick mode, we estimate your gross annual income as your monthly rent multiplied by 40 (which assumes rent is 30% of gross income, the standard Canadian affordability benchmark). Precise mode uses the income and debt figures you enter. Both modes apply the 2026 federal stress test (the greater of 4.49% contract rate plus 2%, or 5.25%), a Gross Debt Service ratio of 39%, a Total Debt Service ratio of 44%, property tax at 1% of purchase price annually, and heat at $150 monthly. Minimum down payment follows 2026 CMHC rules: 5% on the first $500,000, 10% between $500,000 and $1.5M, 20% on $1.5M and above.
Cashback estimate. HiveRewards cashback is calculated as roughly 0.36% of the realtor commission plus 0.24% of the mortgage amount, which represents the client's share after HiveRewards' portion. Actual cashback depends on the professionals involved and confirmed at closing. On a $450,000 purchase with 5% down, that is about $2,646. Buyers can get up to $6,000.
This is an estimate. Real pre-approval requires documentation and a credit check. Use this as a starting point, not a final answer. Speak to a licensed mortgage broker before making purchase decisions.
No. The calculator runs entirely in your browser. Nothing is saved. No email required. No credit check. No sales call. If you want to take the next step, that is your decision and you make it on your own timeline.
The Quick mode estimates your income from your rent using the 30% rent-to-income ratio, which is the standard Canadian affordability benchmark. It is a starting point. For a tighter estimate, switch to Precise mode and enter your actual household income and monthly debt payments. Both modes apply the federal stress test and CMHC down payment rules.
Every Canadian mortgage applicant must qualify at the greater of their contract rate plus 2%, or the Bank of Canada minimum qualifying rate of 5.25%. This calculator applies that rule so the number you see matches what a real pre-approval would show. At current rates, we qualify you at 6.49%.
The professionals a homebuyer works with each spend a portion of their revenue on finding clients. They pay HiveRewards out of that client-acquisition budget, and HiveRewards returns most of that client-acquisition budget to the buyer as cashback at closing. Same vetted professionals. Same rates. Same lenders. The buyer just gets rewarded for being the reason the deal exists.
Yes. Most people who run the numbers are not ready today. That is fine. Now you know the gap. You know whether the main lever is saving more, paying down debt, or waiting for income to grow. A vague plan becomes a concrete plan.