🇨🇦 Free Canadian Calculator
Should you rent or buy in Canada? Real Canadian math — CMHC premiums, provincial land transfer tax, Toronto MLTT, first-time buyer rebates, semi-annual compounding. No American rules dressed up in a toque.
What This Calculator Actually Does
Semi-annual compounded interest (the Canadian legal standard — not US monthly compounding). Your amortization schedule is calculated the way your bank actually does it.
If your down payment is under 20%, we auto-add the correct CMHC insurance premium (2.80% / 3.10% / 4.00% tier) to your mortgage balance.
Full land transfer tax tables for every province, plus Toronto's municipal LTT. First-time buyer rebates auto-applied (ON up to $4,000, Toronto up to $4,475, BC up to $8,000, PE up to $2,000).
The money you'd put into a down payment could be invested instead. We compound it at your expected rate so you see the real trade-off — not the realtor's version.
Not financial advice. Just a nerd with a calculator. Numbers are estimates — talk to a mortgage broker + fee-only advisor before buying $750K of anything.