CMHC Introduces New Calculator and Mobile App for Homebuyers

CMHC is pleased to introduce two new tools to help Canadian homebuyers make informed and responsible homebuying decisions. CMHC's new Debt Service Calculator allows homebuyers to evaluate their financial situation and understand how much they can
comfortably afford to spend on a mortgage. The easy to use calculator allows users to quickly estimate their gross debt-service ratio (GDS) and total debt-service ratio (TDS), both important measures in assessing their financially readiness for homeownership. The Debt Service Calculator can be accessed on CMHC Website

CMHC's new 'Ready, Set, Home' mobile app provides consumers, especially first-time homebuyers, with comprehensive CMHC information and tools at their fingertips. The app helps homebuyers keep track of the details throughout the homebuying process and provides access to a variety of helpful calculators, articles and other resources.

Recognizing the increasingly fast paced, electronic and mobile environment, the new 'Ready, Set, Home' mobile app is a free application that offers quick and convenient access to CMHC's extensive housing information. The app can be downloaded to your Blackberry, Android or iPhone device at cmhc.ca/mobile.

These new tools are the latest additions to CMHC's comprehensive suite of resources that are available to support Canadian homebuyers.

For more than 65 years, CMHC has shared a wealth of knowledge and housing expertise, as well as useful tools and guidance, to help Canadians enjoy an informed and assured homebuying and homeownership experience.

Contact Information

For story ideas or to access CMHC
experts or expertise, contact CMHC
Media Relations - National Office
(613) 748-2799
media@cmhc-schl.gc.ca

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REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



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