Rent vs mortgage

$1,800 a month in rent buys a $380,000 home in BC

That is what a 1800-a-month rent carries as a mortgage at 5.19%, with 20% down over 25 years. Covering tax, strata and insurance in the same budget, the matching price is about $276,000. Here is where that reaches across British Columbia.

Purchase price

$380,000

Down payment

$76,000

All-in monthly

$2,293/mo

BC homes

6,788

How $1,800/mo of rent becomes a purchase price
Rent you pay	$1,800/mo
Interest rate	5.19%
Amortization	25 years
Down payment (20%)	$76,000
Mortgage supported	$304,000
Purchase price	$380,000
Tax, strata & insurance	$493/mo
All-in monthly	$2,293/mo

Where $1,800/mo reaches, city by city

$1,800/mo carries a $380,000 purchase price in every market. What changes is how that compares to the local median and how many homes fall in range.

City: Surrey
Median home: $1,048,900
Homes under $380,000: 219

City: Vancouver
Median home: $1,398,000
Homes under $380,000: 52

City: Richmond
Median home: $1,020,000
Homes under $380,000: 70

City: Burnaby
Median home: $889,950
Homes under $380,000: 19

City: Kelowna
Median home: $799,000
Homes under $380,000: 276

City: Langley
Median home: $949,900
Homes under $380,000: 89

City: Abbotsford
Median home: $824,900
Homes under $380,000: 169

City: Coquitlam
Median home: $950,000
Homes under $380,000: 24

City: Chilliwack
Median home: $729,000
Homes under $380,000: 182

City: Kamloops
Median home: $605,000
Homes under $380,000: 251

City: North Vancouver
Median home: $1,299,850
Homes under $380,000: 8

City: Maple Ridge
Median home: $1,099,800
Homes under $380,000: 41

City	Median home	Homes under $380,000
Surrey	$1,048,900	219
Vancouver	$1,398,000	52
Richmond	$1,020,000	70
Burnaby	$889,950	19
Kelowna	$799,000	276
Langley	$949,900	89
Abbotsford	$824,900	169
Coquitlam	$950,000	24
Chilliwack	$729,000	182
Kamloops	$605,000	251
North Vancouver	$1,299,850	8
Maple Ridge	$1,099,800	41

The assumptions behind these numbers

Every figure assumes a 5.19% interest rate, 20% down and a 25-year amortization. Property tax uses the local municipal residential rate of 3.50 per $1,000; strata ($320/mo) and insurance ($62/mo) are estimates, since neither is knowable from rent alone. Change any of these in the calculator and the numbers update in place. This is an estimate for comparison, not a mortgage approval or financial advice. Your rate, down payment and the home's real carrying costs will differ. Confirm with a mortgage professional before you rely on it.

How these numbers are worked out

I am Ray Rasouli, a licensed REALTOR® with Real Broker B.C. Ltd. The purchase price is your rent solved back through a standard amortized mortgage, and the listings come from live MLS® inventory refreshed hourly, not a static table. The figures are for comparison, not a mortgage approval. Tell me your situation and I will confirm what you actually qualify for.

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Listing data provided by the Real Estate Board of Greater Vancouver and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. Mortgage figures are estimates for comparison only, not financial advice. MLS® and REALTOR® are trademarks of CREA.