Tools
Mortgage pre-approval tools for Canada
Short answer
Six free tools on one set of dated Canadian rules: a readiness check for every lender test, your maximum price, a personalised document list, a rate-hold countdown, a what-could-break-it simulator and a pre-approval letter reader. They share one engine, so a number in one matches every other.
Figures as of 2026-11-02.Pre-approval readiness checkEach lender test against your target price, with the number that decides it and the fix.Open →Cash to closeDown payment plus land transfer tax, premium sales tax and fees, by city.Open →FHSA and Home Buyers' PlanFHSA growth, tax refunds and HBP withdrawals toward the down payment.Open →Pre-approval amountThe most the stress test and down-payment rules allow, what limits you, and 25 vs 30 years.Open →Rate-hold countdownYour expiry date, days left, and the payment at held vs today's rate.Open →What could break itNew debt, a rate rise, less income or a low appraisal, tested against your offer.Open →Document checklistOnly the documents that apply to you, printable.Open →Pre-approval letter readerYour letter, read: hold expiry, closing fit, conditions to clear, what voids it.Open →
| Household | $120,000 income, $60,000 down, first-time buyer, Ontario |
|---|---|
| Aiming for | $560,000 |
| Readiness check | 6 pass, 0 to watch, 0 to fix |
| Maximum price (30 years) | $605,100 |
| Qualifying rate | 6.12%Bank of Canada average for new insured 5-year+ fixed mortgages, 2026-08 |
| Minimum down at the target | $31,000 |
| Room above the target | $45,100 |
Open this example in the calculator →Computed November 2, 2026.
