Canadian mortgage math uses semi-annual compounding as required by the Interest Act. Accelerated payments are half the monthly payment made every two weeks — equivalent to making one extra monthly payment per year, shaving years off your amortization.
GDS (Gross Debt Service) includes your mortgage payment, property tax, and heat — must not exceed 39% of gross income. TDS (Total Debt Service) adds all other debt payments — must not exceed 44%. These are the lender qualification ratios used across Canada. Results are estimates; actual approval depends on credit score, employment history, and lender guidelines. Contact Patrick Sawler for a full pre-qualification.
Estimates based on Nova Scotia. Legal fees vary by lawyer and transaction complexity. Home inspection is strongly recommended. HST applies to new construction — ask your builder about the new housing HST rebate.
GDS (Gross Debt Service) ratio must not exceed 32%. TDS (Total Debt Service) ratio must not exceed 44%.
The qualifying rate used is the greater of your contract rate + 2% or 5.25% (stress test).
Results are estimates only and do not constitute a mortgage approval.
