The calculators below use the Canadian statutory semi-annual compounding method. Results are estimates only. Actual rates, terms, and approvals are subject to lender confirmation.
Mortgage Payment Calculator
Under Canada's Interest Act, residential mortgages compound semi-annually. This calculator uses the correct monthly rate conversion.
Results
Monthly Payment
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Bi-Weekly Payment
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Total Interest
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Total Paid
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* Monthly rate = (1 + annual rate/2)^(1/6) − 1. Payment calculated using the annuity formula. Excludes property tax, insurance, and condo fees.
Stress Test & Affordability Calculator
In 2026, federally regulated lenders require you to qualify at the higher of "contract rate + 2%" or "5.25%".
Stress Test Results
Qualifying Rate
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Stress Test Payment
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Actual Payment
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Estimated GDS
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* Qualifying rate = max(contract rate + 2%, 5.25%). GDS limit is 39% (insured mortgages). GDS estimate includes mortgage payment only, excluding property tax, heating, and condo fees. For a full assessment, consult a mortgage broker.
BC Property Transfer Tax Calculator
BC Property Transfer Tax is calculated on a progressive scale based on the purchase price. First-time buyers may qualify for a rebate.
Results
Standard PTT
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First-Time Buyer Rebate
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Net PTT Payable
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BC Property Transfer Tax Rates (2026)
Purchase Price
Rate
First $200,000
1.00%
$200,001 – $2,000,000
2.00%
$2,000,001 – $3,000,000
3.00%
Residential portion above $3,000,000
Additional 2.00%
* First-time buyers: full exemption for prices up to $500,000; rebate up to $8,000 for $500,001–$835,000; phased out to zero at $860,000.
* Foreign buyers pay an additional 20% speculation tax (not included in this calculator).
* Estimates only. Actual tax is determined by the BC Land Title Office or your lawyer/notary.
Calculators are just the first step
Every borrower's income, credit, and goals are different. Book a free consultation for a personalized assessment.