Definitions for "GDSR"
Gross Debt Service Ratio. The percentage of the total of annual mortgage Ratio (GDSR) payment (principal, interest, taxes, heat and half of condominium common element costs, if applicable, plus secondary financing payment and ground rent if applicable) relative to annual household income.
Gross Debt Service Ratio. This is the total cost of housing payments (this includes principal, interest, taxes, and sometimes heat and maintenance) divided by the family's total gross income Generally this ratio should not exceed 32%.
Gross Debt Service Ratio. The ratio of the borrowers annual income relative to annual mortgage payments, property taxes, condo fees (if applicable) and allowance for hear (on CMHC loans); most lenders prefer this to be not more than 32%.