Gross Debt Service Ratio (GDSR)

A method of assessing the burden of a person or company’s debt relative to their income or revenue. Specifically, it measures the percentage of gross annual income required to cover payments associated with housing, including mortgage principal and interest, taxes, secondary financing, space heating, (and 50% of condominium fees, if applicable) . (See also: “Total Debt Service Ratio (TDSR) “)

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February 1st, 2023