Alberta
Commuter growth market with heavy trades and contractor ownership.
The short answer
In Airdrie, a stated income mortgage lets self-employed borrowers qualify on documented business income rather than net taxable income. The city's growth is driven by trades, contractors and Calgary-commuting business owners buying newer detached homes.
New construction with a long completion window means income is confirmed again before possession, so documentation must stay current.
Qualifying on real business revenue commonly moves a buyer from a townhome to a detached property in the same budget.
Vehicle and equipment loans, which are common in trades, weigh directly on total debt service.
Documented revenue is totalled, a reasonable industry expense factor is deducted, and the resulting qualifying income is tested against debt-service limits at the stress test rate. See the full step-by-step breakdown for the numbers.
Illustrative case studies
Incorporated renovation contractor, 6 years in business
A Airdrie buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $582,624 in mortgage capacity on stated income, versus about $265,608 on the net figure alone.
Commission-only realtor, 4 years licensed
A Airdrie buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $612,612 in mortgage capacity on stated income, versus about $304,164 on the net figure alone.
Sole-proprietor IT consultant on long-term contracts
A Airdrie buyer with strong credit, a 20% down payment and two years of filed returns showing heavy but legitimate write-offs.
How the income is calculated
Roughly $584,766 in mortgage capacity on stated income, versus about $248,472 on the net figure alone.
For demonstration purposes only. These case studies are hypothetical examples created to show how stated income calculations work. They are not real clients, not guarantees, and not an offer of credit. Actual qualifying income, rates and approvals depend on the lender, your documentation, credit profile, down payment and the property.
The documentation is the same, but the lender re-verifies income near completion, so keep records updated throughout the build.
Yes, and it is advisable — knowing your documented qualifying income sets a realistic build budget.
Send your details and we'll review your business income the way a self-employed lender does — no credit pull to start the conversation.