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Review Keywords Analysis

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

Mortgage Affordability Calculator Burnaby, BC

How much house can you afford in Burnaby? 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 Burnaby

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

1

True North Mortgage

True North Mortgage offers competitive rates and responsive service, helping clients navigate purchases and renewals with clear communication. The team provides mortgage financing and renewal assistance, with customers appreciating their professionalism and timely responses throughout the process. Some find the pace a bit slow, but overall the experience is smooth.

Services & Prices
Mortgage Financing Free Consultation
Mortgage Renewal Assistance Free Consultation
Rate Comparison Free Consultation
View Profile
(778) 654-7931
Closed Now
4700 Kingsway #1143, Burnaby, BC V5H 4M1, Canada
General Services
Mortgage Services
2

Karista Mortgage

With over 47 years of combined experience, Karista Mortgage focuses on providing personalized, client-first mortgage advice that supports long-term financial growth. They assist first-time buyers, homeowners refinancing or consolidating debt, and real estate investors, offering clear guidance and ongoing support. Customers note the team’s responsiveness and thorough explanations throughout the… more...

With over 47 years of combined experience, Karista Mortgage focuses on providing personalized, client-first mortgage advice that supports long-term financial growth. They assist first-time buyers, homeowners refinancing or consolidating debt, and real estate investors, offering clear guidance and ongoing support. Customers note the team’s responsiveness and thorough explanations throughout the process.

View Profile
(604) 436-4600
Closed Now
5589 Byrne Rd #227, Burnaby, BC V5J 3J1, Canada
3

The Mortgage Specialist Burnaby - Vancouver

Known for personalized mortgage guidance that adapts to individual financial goals, this team helps clients navigate home purchases and renewals with clear explanations and proactive updates. They focus on finding practical solutions, often uncovering options clients hadn’t considered. Some clients note the team can be busy but appreciate the responsive communication.

View Profile
(778) 233-2377
Closed Now
5589 Byrne Rd #227, Burnaby, BC V5J 3J1, Canada
4

RTC Mortgage

RTC Mortgage is known for clear communication and responsive support throughout the mortgage process. The team helps clients explore their options without pressure, making complex details easy to understand. Customers appreciate their professionalism and quick responses, though a few note occasional delays with paperwork.

Services & Prices
Home Mortgage Free Consultation
Refinancing Free Consultation
Mortgage Pre-Approval Free Consultation
View Profile
(604) 259-8559
Closed Now
9000 Bill Fox Way Unit 201A, Burnaby, BC V5J 5J3, Canada
General Services
Mortgage Services
5

Renee Hamilton Mortgage Broker

Known for patient guidance and thorough knowledge, Renee Hamilton Mortgage Broker helps clients navigate mortgage options with care and clarity. The team assists with securing competitive rates and offers support throughout the approval process. Customers appreciate their responsiveness and willingness to accommodate individual needs.

Services & Prices
Mortgage Approval Assistance Free Consultation
Rate Comparison Free Consultation
View Profile
(604) 790-2544
Closed Now
5589 Byrne Rd #227, Burnaby, BC V5J 3J4, Canada
General Services
Mortgage Services
Where they are 10 on the map Click a pin for the profile and directions
6

Johnny Hoang - Mortgage Broker

Licensed since 2009, Johnny Hoang specializes in guiding first-time homebuyers and those seeking mortgage renewals or refinancing. The team handles everything from pre-approvals to debt consolidation, with clients appreciating their clear communication and patient support throughout the process. Some find the detailed steps require patience, but the overall experience is smooth and informative.

Services & Prices
Mortgage Renewal Assistance Free Consultation
Self-Employed Mortgage Solutions Free Consultation
Credit Score Analysis Free Consultation
View Profile
(778) 838-1316
Closed Now
5589 Byrne Rd #227, Burnaby, BC V5J 3J4, Canada
General Services
Mortgage Brokerage
7

Costin Ionascu, Mortgage Broker

Known for guiding clients through complex mortgage situations with patience and clear communication, Costin Ionascu helps secure favorable rates and smooth transitions. The team works closely with multiple lenders to find options that fit individual needs, often providing support remotely for convenience. Clients appreciate the honest, transparent approach and thorough explanations throughout the… more...

Known for guiding clients through complex mortgage situations with patience and clear communication, Costin Ionascu helps secure favorable rates and smooth transitions. The team works closely with multiple lenders to find options that fit individual needs, often providing support remotely for convenience. Clients appreciate the honest, transparent approach and thorough explanations throughout the process.

View Profile
(778) 388-8671
Open 00:00 - 23:59
2025 Willingdon Ave #910, Burnaby, BC V5C 5J3, Canada
8

Alison Rudover - Mortgage Broker

An independent mortgage broker, Alison Rudover offers personalized mortgage advice by exploring options from a wide range of lenders. The team guides clients through buying, refinancing, or renewing mortgages with clear explanations and attentive support. Customers appreciate the responsive communication and straightforward process, though some note the many questions involved can require… more...

An independent mortgage broker, Alison Rudover offers personalized mortgage advice by exploring options from a wide range of lenders. The team guides clients through buying, refinancing, or renewing mortgages with clear explanations and attentive support. Customers appreciate the responsive communication and straightforward process, though some note the many questions involved can require patience.

Services & Prices
Pre-Approval Assistance Free Consultation
View Profile
(604) 616-9264
Open 8:00 AM - 8:00 PM
1589 Augusta Ave, Burnaby, BC V5A 4N8, Canada
General Services
Mortgage Brokerage
9

Ivan Matkovic - Mortgage Advisor

Known for clear explanations and a personal approach, Ivan Matkovic helps clients navigate the mortgage process with transparency and care. The team offers mortgage advice, rate comparisons, and ongoing guidance, with many clients appreciating the thoroughness and reliability, though some note the process can take time due to detailed consultations.

Services & Prices
Rate Comparison Free Consultation
Rate Lock Free Consultation
Cost Analysis Free Consultation
View Profile
(604) 897-7977
Closed Now
4370 Dominion St, Burnaby, BC V5G 4L7, Canada
General Services
Mortgage Services
10

EMC Mortgages Canada

EMC Mortgages Canada works primarily with first-time homebuyers, offering guidance through the mortgage process and helping clients understand their options. The team assists with purchase and renewal mortgages, though some customers have found communication inconsistent at times. Many appreciate the clear explanations and patience during what can be a complex experience.

Services & Prices
Purchase Mortgage Free Consultation
Remortgage Free Consultation
Open Mortgage Free Consultation
View Profile
(604) 739-0320
Closed Now
4710 Kingsway #1610, Burnaby, BC V5H 4M2, Canada
General Services
Mortgage Services
Burnaby Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 True North Mortgage 4.9 955 Free Consultation (778) 654-7931 Visit
2 Karista Mortgage 5.0 718 — (604) 436-4600 Visit
3 The Mortgage Specialist Burnaby - Vancouver 5.0 135 — (778) 233-2377 Visit
4 RTC Mortgage 5.0 120 Free Consultation (604) 259-8559 Visit
5 Renee Hamilton Mortgage Broker 5.0 111 Free Consultation (604) 790-2544 Visit
6 Johnny Hoang - Mortgage Broker 5.0 103 Free Consultation (778) 838-1316 Visit
7 Costin Ionascu, Mortgage Broker 5.0 73 — (778) 388-8671 Visit
8 Alison Rudover - Mortgage Broker 5.0 68 Free Consultation (604) 616-9264 Visit
9 Ivan Matkovic - Mortgage Advisor 4.9 52 Free Consultation (604) 897-7977 Visit
10 EMC Mortgages Canada 4.6 48 Free Consultation (604) 739-0320 Visit

How this Burnaby 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%.

British Columbia 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 0.31% of the home's value a year (British Columbia average, 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 qualify for using your income, debts, down payment, and interest rate. It includes mortgage, CMHC insurance, and property tax.
What is the stress test for mortgages in British Columbia?
You must qualify at the higher of your contract rate plus 2% or 5.25%.
What are GDS and TDS ratios?
GDS is up to 39% of gross income for housing costs; TDS is up to 44% for all debts, both at the qualifying rate.
Can first-time buyers get a 30-year mortgage?
Yes, first-time buyers and buyers of new homes can get a 30-year amortization on an insured mortgage.
How do debts affect my mortgage affordability?
Higher monthly debts reduce the mortgage amount you can qualify for, as they impact your TDS ratio.
What are property taxes in British Columbia?
Property tax is about 0.31% of the home's value annually, based on 2025 rates.
What's the difference between pre-approval and pre-qualification?
Pre-approval confirms your mortgage amount after verifying income, debts, credit, and down payment; pre-qualification is an initial estimate.
How does a mortgage broker help?
A mortgage broker helps find suitable mortgage options by comparing different lenders' offers.

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