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Review Keywords Analysis

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

Mortgage Affordability Calculator Victoria, BC

How much house can you afford in Victoria? 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 Victoria

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

1

Auxilium Mortgage Corporation

Verified

Auxilium Mortgage Corporation focuses on finding mortgage solutions that fit your lifestyle and long-term financial goals. The team offers services for first-time buyers, refinancing, and unique property types, providing clear explanations and personalized options. Clients appreciate their responsiveness and willingness to guide through complex situations with patience and professionalism.

Services & Prices
Home Purchase Mortgage, Mortgage Renewal, Debt Consolidation Mortgage)
Ongoing Mortgage Guidance, Financial Planning for Mortgage)
Rate Comparison, Loan Modification, Cash-Out Refinance)
Mortgage Insurance, Property Insurance, Life Insurance Planning for Mortgage)
View Profile
(250) 590-6520
Open 8:30 AM - 5:00 PM
#12-Unit 211-2840 Peatt Rd, Victoria BC V9B 3V4
General Services
Mortgage Services
2

Prime Mortgage Works - Callum Greig

Verified

Prime Mortgage Works offers independent mortgage advice with access to a wide range of lenders, helping clients find options that suit their needs. The team guides first-time buyers and those renewing mortgages through each step, providing clear explanations and timely responses. Customers appreciate their knowledge and calm approach, especially in a challenging market.

Services & Prices
Mortgage Renewal Assistance $150 - $250
Rate Comparison and Negotiation $100 - $200
Documentation Preparation $100 - $200
Rate Locking Assistance $100 - $200
View Profile
(250) 708-2063
Open 00:00 - 23:59
1030 Yates St, Victoria, BC V8V 5A7, Canada
General Services
Mortgage Services
3

Mike Grace Mortgages - Mortgage Broker in Victoria, BC

Mike Grace Mortgages specializes in securing competitive mortgage rates with clear, straightforward advice for Vancouver Island homebuyers. The team guides clients through everything from first mortgages to renewals, often praised for their responsiveness and support during complex or lengthy processes. Some clients note occasional slow lender responses, but appreciate the proactive solutions… more...

Mike Grace Mortgages specializes in securing competitive mortgage rates with clear, straightforward advice for Vancouver Island homebuyers. The team guides clients through everything from first mortgages to renewals, often praised for their responsiveness and support during complex or lengthy processes. Some clients note occasional slow lender responses, but appreciate the proactive solutions offered.

Services & Prices
First Time Home Buyer Mortgage Free Consultation
Mortgage Renewal Free Consultation
Mortgage Pre-Approval Free Consultation
Cash-Out Refinance Free Consultation
View Profile
(250) 858-8564
Open 8:30 AM - 5:00 PM
737 Yates St #420, Victoria, BC V8W 1L4, Canada
General Services
Mortgage Services
4

Olympic Mortgage Corporation

Known for securing competitive mortgage rates without pressure, Olympic Mortgage Corporation supports homebuyers through complex and tight market conditions. Their team offers thorough guidance on mortgages, market trends, and financing options, with clients appreciating clear communication and patience throughout the process. Occasionally, the detailed approach means decisions take time, but… more...

Known for securing competitive mortgage rates without pressure, Olympic Mortgage Corporation supports homebuyers through complex and tight market conditions. Their team offers thorough guidance on mortgages, market trends, and financing options, with clients appreciating clear communication and patience throughout the process. Occasionally, the detailed approach means decisions take time, but customers value the careful support.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Refinancing Assistance Free Consultation
View Profile
Open 8:30 AM - 5:00 PM
1321 Blanshard St #301, Victoria, BC V8W 0B6, Canada
General Services
Mortgage Brokerage
5

Ned Boniface Mortgages. DLC. Modern Mortgage Group

With over fifteen years of experience negotiating directly with lenders, Ned Boniface Mortgages offers clear insights and impartial expertise on mortgage financing. The team assists with home purchases, refinancing, and paying off mortgages, with clients appreciating their responsiveness and straightforward communication. Some find the process challenging due to the current market, but the team’s… more...

With over fifteen years of experience negotiating directly with lenders, Ned Boniface Mortgages offers clear insights and impartial expertise on mortgage financing. The team assists with home purchases, refinancing, and paying off mortgages, with clients appreciating their responsiveness and straightforward communication. Some find the process challenging due to the current market, but the team’s support helps ease these concerns.

Services & Prices
Home Purchase Financing Free Consultation
Refinancing Free Consultation
Mortgage Approval Assistance Free Consultation
View Profile
(250) 812-8631
Open 00:00 - 23:59
105-1090 Johnson St, Victoria, BC V8V 0B3, Canada
General Services
Mortgage Brokerage
Where they are 10 on the map Click a pin for the profile and directions
6

Andrew Wade Mortgage Broker

Specializing in personalized mortgage services, Andrew Wade Mortgage Broker focuses on guiding clients through home financing and renovation loans with clear, patient communication. The team offers one-on-one support, answering questions promptly and helping navigate options, which clients find reassuring even during complex or stressful moments.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Refinancing Free Consultation
Pre-Approval Services Free Consultation
Rate Comparison Free Consultation
View Profile
(250) 886-1959
Open 8:00 AM - 8:00 PM
3531 Uptown Blvd #207,Victoria, BC V8Z 0B9
General Services
Mortgage Brokerage
7

Jennifer Harder - Mortgage Broker

Known for guiding clients through complex mortgage challenges, this broker specializes in home purchases, refinancing, and equity takeout loans. The team is praised for clear communication, responsiveness, and persistence in securing approvals, even under tight deadlines. Some clients note the process can be lengthy when multiple hurdles arise.

Services & Prices
Mortgage Approval Free Consultation
Mortgage Refinancing Free Consultation
View Profile
(250) 595-8431
Open 8:30 AM - 5:00 PM
755 Caledonia Ave, Victoria, BC V8T 0C2, Canada
General Services
Mortgage Services
8

Miller Mortgages LTD

Specializing in helping clients rebuild or start credit, Miller Mortgages LTD offers personalized mortgage brokering with a focus on financial security and home ownership. The team provides clear communication and attentive support throughout the process, with many customers appreciating their patience and professionalism. Some note that close attention is needed near closing, but overall the… more...

Specializing in helping clients rebuild or start credit, Miller Mortgages LTD offers personalized mortgage brokering with a focus on financial security and home ownership. The team provides clear communication and attentive support throughout the process, with many customers appreciating their patience and professionalism. Some note that close attention is needed near closing, but overall the experience is smooth.

Services & Prices
Primary Mortgage Free Consultation
Refinancing Free Consultation
Investment Property Mortgage Free Consultation
View Profile
(250) 858-8489
Open 8:30 AM - 4:00 PM
737 Yates St #420, Victoria, BC V8W 1L6, Canada
General Services
Mortgage Services
9

Victoria Mortgage Experts - TMG The Mortgage Group

Victoria Mortgage Experts - TMG The Mortgage Group specializes in finding flexible home mortgage solutions beyond standard bank offerings. The team assists with buying, refinancing, and renewing mortgages, tailoring options to individual needs. Customers appreciate their clear communication and knowledgeable, patient guidance throughout the process.

Services & Prices
First-Time Home Buyer Assistance Free Consultation
Mortgage Pre-Approval Free Consultation
Mortgage Refinancing Free Consultation
View Profile
(877) 400-1473
Open 8:30 AM - 5:00 PM
1156 Chapman St,Victoria, BC V8V 2T6
General Services
Mortgage Services
10

The Mortgage Group - Andy Vickers

Specializing in independent mortgage advice, The Mortgage Group - Andy Vickers helps clients find financing options that fit their unique needs without being tied to any lender. The team offers thorough mortgage searches and clear communication throughout the process, with clients appreciating their responsiveness and expertise, though some note the fast pace can feel intense.

Services & Prices
Mortgage Brokering Free Consultation
First Home Purchase Assistance Free Consultation
Personal Loans Free Consultation
Home Equity Loans Free Consultation
View Profile
(250) 507-0566
Open 8:00 AM - 8:00 PM
737 Yates St, Victoria, BC V8W 1L6, Canada
General Services
Mortgage Services
Victoria Mortgage Brokers stats: 10 businesses compared side by side · updated
# Business Rating Reviews Starting price Phone Website
1 Auxilium Mortgage Corporation 5.0 270 — (250) 590-6520 Visit
2 Prime Mortgage Works - Callum Greig 4.9 100 $100 (250) 708-2063 Visit
3 Mike Grace Mortgages - Mortgage Broker in Victoria, BC 5.0 191 Free Consultation (250) 858-8564 Visit
4 Olympic Mortgage Corporation 4.9 100 Free Consultation — Visit
5 Ned Boniface Mortgages. DLC. Modern Mortgage Group 5.0 79 Free Consultation (250) 812-8631 Visit
6 Andrew Wade Mortgage Broker 4.9 74 Free Consultation (250) 886-1959 Visit
7 Jennifer Harder - Mortgage Broker 5.0 68 Free Consultation (250) 595-8431 Visit
8 Miller Mortgages LTD 5.0 64 Free Consultation (250) 858-8489 Visit
9 Victoria Mortgage Experts - TMG The Mortgage Group 5.0 61 Free Consultation (877) 400-1473 Visit
10 The Mortgage Group - Andy Vickers 4.9 36 Free Consultation (250) 507-0566 Visit

How this Victoria 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 highest home price you can qualify for using your income, debts, down payment, and interest rate. It also calculates 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%.
How much house can I afford with a $100k salary in Victoria?
The calculator considers your salary, debts, and down payment to estimate affordability. Use it for a personalized result.
What are GDS and TDS ratios?
GDS is housing costs up to 39% of income; TDS is all debts up to 44%, both at the qualifying rate.
Can first-time buyers in Victoria 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 qualification?
Debts reduce the amount you can borrow, as lenders consider total debt service (TDS) ratio limits.
What is the property tax rate in British Columbia?
Property tax is about 0.31% of the home's value annually, based on 2025 rates.
What is the difference between pre-approval and pre-qualification?
Pre-approval confirms your borrowing capacity after verifying income, debts, and credit; pre-qualification is an initial estimate.

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