Rent vs mortgage

$4,000 a month in rent buys a $844,000 home in BC

That is what a 4000-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 $711,000. Here is where that reaches across British Columbia.

Purchase price

$844,000

Down payment

$169,000

All-in monthly

$4,628/mo

BC homes

24,639

How $4,000/mo of rent becomes a purchase price
Rent you pay	$4,000/mo
Interest rate	5.19%
Amortization	25 years
Down payment (20%)	$169,000
Mortgage supported	$675,000
Purchase price	$844,000
Tax, strata & insurance	$628/mo
All-in monthly	$4,628/mo

Where $4,000/mo reaches, city by city

$4,000/mo carries a $844,000 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 $844,000: 1,870

City: Vancouver
Median home: $1,398,000
Homes under $844,000: 1,237

City: Richmond
Median home: $1,020,000
Homes under $844,000: 760

City: Burnaby
Median home: $889,950
Homes under $844,000: 899

City: Kelowna
Median home: $799,000
Homes under $844,000: 1,025

City: Langley
Median home: $949,900
Homes under $844,000: 659

City: Abbotsford
Median home: $824,900
Homes under $844,000: 637

City: Coquitlam
Median home: $950,000
Homes under $844,000: 576

City: Chilliwack
Median home: $729,000
Homes under $844,000: 652

City: Kamloops
Median home: $605,000
Homes under $844,000: 789

City: North Vancouver
Median home: $1,299,900
Homes under $844,000: 246

City: Maple Ridge
Median home: $1,099,800
Homes under $844,000: 294

City	Median home	Homes under $844,000
Surrey	$1,048,900	1,870
Vancouver	$1,398,000	1,237
Richmond	$1,020,000	760
Burnaby	$889,950	899
Kelowna	$799,000	1,025
Langley	$949,900	659
Abbotsford	$824,900	637
Coquitlam	$950,000	576
Chilliwack	$729,000	652
Kamloops	$605,000	789
North Vancouver	$1,299,900	246
Maple Ridge	$1,099,800	294

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.

$1,500/mo across BC $1,800/mo across BC $2,000/mo across BC $2,200/mo across BC $2,500/mo across BC $3,000/mo across BC $3,500/mo across BC

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.