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Review Keywords Analysis

  1. Canada
  2. Best Mortgage Brokers
  3. Mortgage Brokers in Alberta
  4. Edmonton
  5. Mortgage Affordability Calculator
1 · Your income
2 · Down payment
3 · What you can afford
Step 1 of 3

Mortgage Affordability Calculator Edmonton, AB

How much house can you afford in Edmonton? See your maximum price, monthly payment and pre-approval estimate. Free, instant, no credit check.

Updated · 2026 stress test and CMHC rules

Add your partner's income if you're buying together.

Car loans, credit cards, lines of credit, student loans. Not rent.

Property tax and rules are for this province.

An estimate, not a mortgage approval or pre-approval. A mortgage broker confirms your real number.

Top-rated mortgage brokers in Edmonton

Ranked by TrustAnalytica from verified reviews · see the full Top 10 list →

1

Benchmark Mortgages

Benchmark Mortgages offers access to a wide range of mortgage products from various lenders, including credit unions, banks, and private lenders, helping clients find options that fit their needs. The team is known for guiding customers through every step with clear communication and timely responses, though some clients note the process can take time depending on circumstances.

Services & Prices
First Time Home Buyer Assistance Free Consultation
Remortgage Services Free Consultation
Mortgage Renewal Free Consultation
Short-Term Financing Solutions Free Consultation
View Profile
Closed Now
10171 Saskatchewan Dr NW #101, Edmonton, AB T6E 4R5, Canada
General Services
Mortgage Services
2

Henry Gill - Dominion Lending Centres

Licensed mortgage professionals at Henry Gill - Dominion Lending Centres offer access to a wide range of mortgage products from various Canadian lenders, providing options beyond typical bank offerings. The team assists with purchases, renewals, and equity takeouts, guiding clients through complex situations with clear communication and responsiveness.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Renewal Assistance Free Consultation
Tailored Mortgage Solutions Free Consultation
Complex Case Management Free Consultation
View Profile
(780) 498-2873
Closed Now
14727 87 Ave NW #103, Edmonton, AB T5R 4E5, Canada
General Services
Mortgage Services
3

Cheryl Wilkes Mortgages

With over a decade of mortgage experience and a background in real estate investing, Cheryl Wilkes Mortgages focuses on guiding first-time homebuyers through the mortgage process with clear explanations and personalized support. The team helps clients understand rates, terms, and options to keep finances flexible, and is known for responsiveness and making the process straightforward.

Services & Prices
First-Time Homebuyer Financing Free Consultation
Refinancing Assistance Free Consultation
View Profile
(780) 909-3659
Closed Now
10326 81 Ave NW, Edmonton, AB T6W 2R9, Canada
General Services
Mortgage Services
4

Mortgage Tailors Inc. o/a Paragon Mortgage Tailors

Mortgage Tailors Inc. o/a Paragon Mortgage Tailors specializes in personalized mortgage solutions with a focus on clear communication and client education. Their team assists with home purchases, refinancing, and debt consolidation, often praised for being responsive and supportive throughout the process. Some clients note scheduling can be tight, but the service remains helpful and knowledgeable.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Renewal Service Free Consultation
View Profile
(780) 244-0505
Closed Now
4935 55 Ave NW #213, Edmonton, AB T6B 3S3, Canada
General Services
Mortgage Brokerage
5

True North Mortgage

True North Mortgage stands out for its network of 11 walk-in locations across Canada, offering a convenient, in-person experience in a largely digital industry. The team helps clients secure competitive mortgage rates and guides them through every step, with many customers appreciating their clear communication and quick responses. Some find the process straightforward and transparent, making it… more...

True North Mortgage stands out for its network of 11 walk-in locations across Canada, offering a convenient, in-person experience in a largely digital industry. The team helps clients secure competitive mortgage rates and guides them through every step, with many customers appreciating their clear communication and quick responses. Some find the process straightforward and transparent, making it easier to navigate mortgage options.

Services & Prices
Mortgage Rate Comparison Free Consultation
First-Time Home Buyer Assistance Free Consultation
Conventional Mortgage Options Free Consultation
Fixed Rate Mortgages Free Consultation
View Profile
(587) 400-2799
Closed Now
1 102A Ave NW Unit 140, Edmonton, AB T5J 2Y9, Canada
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

First Foundation

First Foundation offers Canadians personalized financial advice with the convenience of local branches and online services. Their licensed team handles mortgages, insurance, and financial planning, often praised for clear explanations and responsive support. Some clients note the process can involve detailed steps, but the staff’s patience and thoroughness help ease the experience.

Services & Prices
Mortgage Refinancing Free Consultation
Mortgage Pre-Approval Free Consultation
Home Purchase Mortgage Free Consultation
View Profile
(780) 702-7678
Closed Now
7473 101 Ave NW, Edmonton, AB T6A 3Z5, Canada
General Services
Mortgage Services
7

Collin Bruce Mortgage Team

Known for helping clients include renovation costs in their mortgage, Collin Bruce Mortgage Team offers assistance with home purchases, renewals, and debt consolidation. Licensed in Alberta and British Columbia, the team is praised for competitive rates and friendly service, though some customers note communication can be slow during busy periods.

Services & Prices
Mortgage Renewal Free Consultation
First-Time Home Buyer Assistance Free Consultation
Mortgage Pre-Approval Free Consultation
Credit Report Review Free Consultation
View Profile
(780) 436-2511
Closed Now
260 91 St SW, Edmonton, AB T6X 1W8, Canada
General Services
Mortgage Services
8

Natalie Wellings: Mortgage Broker with Verico Compass Mortgage Group

With experience dating back to 2007, this mortgage broker specializes in helping clients navigate complex financing options, including purchases, refinances, and mortgages for self-employed individuals. The team is known for clear communication and steady support throughout the process, making it easier for first-time and repeat buyers alike.

Services & Prices
Home Purchase Mortgage Free Consultation
Mortgage Renewal Free Consultation
Refinancing Mortgage Free Consultation
View Profile
(780) 722-6287
Closed Now
13120 St Albert Trail NW, Edmonton, AB T5L 4P6, Canada
General Services
Mortgage Services
9

Mortgage Girl

With over 35 years of underwriting experience, Mortgage Girl specializes in offering mortgage options from multiple lenders to find competitive rates tailored to your needs. The team handles everything efficiently, making the process straightforward and responsive, though some clients note the complexity of certain mortgage arrangements.

Services & Prices
Interest Rate Comparison Free Consultation
Pre-Approval Assistance Free Consultation
Rate Acquisition for First-Time Buyers Free Consultation
Investment Property Financing Free Consultation
View Profile
(780) 433-8412
Closed Now
1936 Tomlinson Way NW, Edmonton, AB T6R 2R5, Canada
General Services
HELOC (Home Equity Line of Credit) Services
10

ETown Mortgage - Connie Graham & Briana Hennigan

ETown Mortgage specializes in comparing mortgage rates and products from all major Canadian lenders to find the best fit for each client. The team assists with home purchases, refinancing, and cash-out options, providing clear guidance throughout the process. Customers appreciate their thoroughness and patience, though some note the challenges of a competitive housing market.

Services & Prices
First-Time Homebuyer Mortgages Free Consultation
Mortgage Renewals Free Consultation
Investment Property Mortgages Free Consultation
Rate Comparison Reports Free Consultation
View Profile
(780) 437-3070
Closed Now
10941 120 St NW #204, Edmonton, AB T5H 3R3, Canada
General Services
Mortgage Services

Latest reviews of Edmonton Mortgage Brokers near you

Written on TrustAnalytica by clients of the businesses in this list
  • Pamela

    I can’t begin to express my utter disappointment and the incredibly stressful time I had dealing with a Collin Bruce mortgage broker. This company has been an absolute nightmare, and I would strongly advise anyone looking for a mortgage broker to stay far away from them. First and most important, th…

Edmonton Mortgage Brokers near you stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Benchmark Mortgages 5.0 101 Free Consultation — Visit
2 Henry Gill - Dominion Lending Centres 5.0 100 $100 (780) 498-2873 Visit
3 Cheryl Wilkes Mortgages 5.0 100 Free Consultation (780) 909-3659 Visit
4 Mortgage Tailors Inc. o/a Paragon Mortgage Tailors 5.0 100 Free Consultation (780) 244-0505 Visit
5 True North Mortgage 4.8 100 Free Consultation (587) 400-2799 Visit
6 First Foundation 4.8 100 Free Consultation (780) 702-7678 Visit
7 Collin Bruce Mortgage Team 4.7 101 Free Consultation (780) 436-2511 Visit
8 Natalie Wellings: Mortgage Broker with Verico Compass Mortgage Group 4.9 92 Free Consultation (780) 722-6287 Visit
9 Mortgage Girl 5.0 77 Free Consultation (780) 433-8412 Visit
10 ETown Mortgage - Connie Graham & Briana Hennigan 5.0 54 Free Consultation (780) 437-3070 Visit

How this Edmonton mortgage affordability calculator works

Lenders approve a mortgage when two ratios stay under their limits. Housing costs (mortgage payment, property tax and heating) must be no more than 39% of your gross income, and housing costs plus your other debt payments no more than 44%. The payment is tested at the qualifying rate, not your actual rate. The calculator finds the highest home price that passes both tests and the minimum down payment rules, and adds CMHC insurance to the loan when you put down less than 20%.

Alberta rules and numbers this calculator uses

Stress test
You must qualify at the higher of your rate plus 2% or 5.25% (OSFI and federal insured-mortgage rules).
Debt limits
Housing costs up to 39% of gross income (GDS) and all debts up to 44% (TDS), the CMHC maximums. CMHC also needs a credit score of at least 600.
Minimum down payment
5% of the first $500,000 and 10% of the part above it. Homes priced at $1.5 million or more need 20% down and cannot be insured.
Mortgage insurance
Under 20% down, a CMHC premium is added to the loan: 2.80% of the loan at 15–19.99% down, 3.10% at 10–14.99% and 4.00% at 5–9.99%, plus 0.20% for a 30-year amortization.
Amortization
First-time buyers and buyers of new builds can take 30 years on an insured mortgage; others are tested at 25 years.
Property tax
About 1.01% of the home's value a year (Edmonton, 2025), plus $100 a month for heating.
Rate
Starts at 4.49% (a typical 5-year fixed, October 2026). Change it to the rate you have been offered.

An estimate, not a mortgage approval or pre-approval. Your credit, income type, the property and the lender all change the answer; a mortgage broker confirms your real number. Sources: CMHC homeowner mortgage loan insurance requirements and premiums, Finance Canada mortgage reforms effective December 15, 2024, OSFI minimum qualifying rate, 2025 municipal residential tax rates.

Frequently asked questions

8 questions
How does the mortgage affordability calculator work?
It estimates the maximum home price you can afford based on income, debts, down payment, interest rate, and first-time buyer status. It includes CMHC insurance and property tax.
What is the mortgage stress test in Alberta?
You must qualify at the higher of your contract rate plus 2% or 5.25%. This ensures you can afford payments if rates rise.
How do GDS and TDS ratios affect my mortgage?
GDS limits housing costs to 39% of gross income, and TDS limits all debts to 44%, both at the qualifying rate. These ratios determine borrowing capacity.
Can first-time buyers in Edmonton get a 30-year mortgage?
Yes, first-time buyers and those purchasing newly built homes can access a 30-year amortization on an insured mortgage.
How do debts impact my mortgage affordability?
Higher monthly debt payments reduce the mortgage amount you qualify for, as they affect your TDS ratio.
What are property taxes like in Edmonton?
Property tax is about 1.01% of the home's value annually, based on the 2025 municipal rate.
What's the difference between mortgage pre-approval and pre-qualification?
Pre-approval involves lender verification of income, debts, credit, and down payment, while pre-qualification is an initial estimate without verification.
What does a mortgage broker do?
A mortgage broker helps you find and apply for a mortgage, comparing different lenders to secure the best terms for your situation.

General information, not financial advice — consult a qualified professional.