Canadian borrowing & savings numbers, 2026
The official limits that decide how much you can borrow and save. Checked October 2026 — confirm with the linked source before making a decision. Free to cite with a link to this page.
| Rule | 2026 figure | Source |
|---|---|---|
| Mortgage stress test rate | Greater of 5.25% or your contract rate + 2% | OSFI |
| Minimum down payment | 5% of first $500,000; 10% of $500,000–$1.5M; 20% at $1.5M+ | Government of Canada |
| Max price for an insured mortgage | $1,500,000 (since December 15, 2024) | Department of Finance |
| CMHC premium, 5%–9.99% down | 4.00% of the loan | CMHC |
| CMHC premium, 10%–14.99% down | 3.10% of the loan | CMHC |
| CMHC premium, 15%–19.99% down | 2.80% of the loan | CMHC |
| Insured amortization limit | 25 years; 30 years for first-time buyers and new builds | Department of Finance |
| GDS / TDS limits (insured) | 39% / 44% of gross income | CMHC |
| Criminal interest rate cap | 35% APR (since January 1, 2025) | Criminal Code s. 347 |
| TFSA annual limit (2026) | $7,000 | CRA |
| RRSP dollar limit (2026) | $33,810 (or 18% of prior-year earned income, if lower) | CRA |
| FHSA limit | $8,000 a year; $40,000 lifetime | CRA |
| Home Buyers' Plan withdrawal | Up to $60,000 per person from an RRSP | CRA |