Want a Mortgage in Canada? Know These Numbers

Want a Mortgage in Canada? Know These Numbers 🇨🇦🏡

Planning to buy a home in Canada? Your Debt Service Ratios are among the biggest factors in getting approved for a mortgage.

Understanding these numbers can help you qualify with more lenders — and secure better rates.

In Canada, lenders don’t use DTI like the U.S. Instead, they measure two key ratios: ✅ What is GDS (Gross Debt Service Ratio)?

The percentage of your income that goes toward housing costs:

• Mortgage payment

• Property taxes • Heating

• Condo fees (if any)

✅ What is TDS (Total Debt Service Ratio)? Your GDS plus all other monthly debt payments:

• Credit cards

• Car loans

• Personal loans

• Lines of credit 📊 Mortgage Approval Guidelines in Canada To qualify with most lenders, aim for:

• GDS under 39%

• TDS under 44% Keeping your ratios within these limits increases your chance of getting approved for a mortgage — especially with prime lenders and big banks.

 

👉 Want to check if you’re mortgage-ready? Send me your numbers and I’ll calculate your GDS and TDS for you. ⸻ 🔍 mortgage canada, GDS Canada, TDS Canada, debt service ratio explained, how to qualify for a mortgage Canada, home loan Canada, first time home buyer tips, mortgage approval Canada, Canadian mortgage requirements, real estate Canada 2025