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 (search ‘calculator’).

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

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.

Adapted from: CMHC

CU Mastercard – New Chip and PIN Security Coming into Effect April 3, 2013

 After April 3 2013, if you happen to enter your CU Mastercard PIN incorrectly 3 times, you will be automatically blocked for security reasons. Please visit an Energy Credit Union Branch with your card to remove the block from your account. After April 3 2013, a valid PIN will be required to make purchases at retail stores and services that use a chip terminal.  As a result, cardholders who block their PIN after April 3 may be unable to make purchases at these merchants until the PIN has been unblocked. Don’t get caught! If you have been locked out give us a call at 416-542-2522 and we can help you out.