Your Step-By-Step Guide to Buying a Home
How much can I afford?
Before you even start looking for a home, you need to know exactly how much home you can afford.
Owning a home is a big decision and getting off to a good start can make all the difference.
Searching for a home
The process of searching for the perfect home can be both exciting and challenging. Creating a list of items and separating them into two buckets - “must-have” and “nice-to-have”- is a good place to start.
Buying a home
Get help with making an offer, paying for closing costs and choosing a mortgage that suits your unique needs.
First-time Home Buyers
Help Me Find a Home
Learn about the real estate process, what to look for in a neighbourhood and setting a budget before house hunting.Learn More about how we can help you find a home.
Understanding the Home Buying Process
Get help with making an offer, paying for closing costs and choosing a mortgage that suits your unique needs.Learn More about Understanding the Home Buying Process
Welcome to Home Ownership
Transition into home ownership comfortably with helpful advice for living comfortably in your home.Learn More about Welcome to Home Ownership
Learn more about the Government of Canada’s new First-Time Home Buyer Incentive
How Much Home Can You Afford?
How much home can you afford?
This calculator factors in your total earnings and debts to give you a maximum affordable monthly housing cost, including mortgage payment, property taxes, heating costs and more.
We've completed your calculations using a % down payment ()
How much can I comfortably spend on my home purchase?
Your mortgage amount would be $, and includes default insurance of
TIP: Don't forget to set aside approximately 3%, or for closing costs.
My monthly RBC mortgage payment will be...
† The mortgage amount is based on the qualifying rate of
* The payment amount is calculated based on an interest rate of %.
The calculation is based on the accuracy and completeness of the data you have entered, is for illustrative and general information purposes only, and is not intended to provide specific financial or other advice, and should not be relied upon in that regard.
New to Canada?
Learn about common myths and other essential mortgage information for newcomers to Canada.
Home buying questions
Get answers to the top questions every first time home buyer should ask.
View our Rates
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Personal lending products and residential mortgages are offered by Royal Bank of Canada and are subject to its standard lending criteria. Some conditions apply.
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