Under your rent
39
$499,000
$489/sqft
2 bd · 1 ba · 1,020 sqft
#1303, 2060 Bellwood Avenue
Burnaby · Apartment/Condo
~$2,365/mo
Listed by RE/MAX Select RealtyMLS® R3173192
Rent vs own
What your rent could own in Burnaby.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $859,950
- Homes at or under it
- 189
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 189 homes listed at or under it in Burnaby.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- A $2,500 rent carries
- $527,000
- Median asking
- $859,950
- Homes at or under it
- 189
Source: Current MLS® listings.
What each rent buys
In Burnaby, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $332,950 under Burnaby's $859,950 median home price. 189 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Burnaby homes around a $2,500 rent
189 active listings
Under your rent
13
$468,000
$503/sqft
2 bd · 1 ba · 930 sqft
#124, 9101 Horne Street
Burnaby · Apartment/Condo
~$2,218/mo
Listed by Macdonald Realty WestmarMLS® R3172484
Under your rent
32
$478,800
$780/sqft
1 bd · 1 ba · 614 sqft
#402, 7138 Collier Street
Burnaby · Apartment/Condo
~$2,269/mo
Listed by Sutton Group - 1st West RealtyMLS® R3172793
Under your rent
14
$450,000
$915/sqft
0 bd · 1 ba · 492 sqft
#2308, 2008 Rosser Avenue
Burnaby · Apartment/Condo
~$2,133/mo
Listed by RE/MAX City RealtyMLS® R3101024
Under your rent
33
$399,000
$757/sqft
1 bd · 1 ba · 527 sqft
#605, 2381 Beta Avenue
Burnaby · Apartment/Condo
~$1,891/mo
Listed by Sutton Group-West Coast RealtyMLS® R3167348
Under your rent
25
$450,000
$604/sqft
1 bd · 1 ba · 745 sqft
#209, 7337 Macpherson Avenue
Burnaby · Apartment/Condo
~$2,133/mo
Listed by Keller Williams Bold RealtyMLS® R3161583
Under your rent
40
$499,000
$958/sqft
1 bd · 1 ba · 521 sqft
#2005, 2378 Alpha Avenue
Burnaby · Apartment/Condo
~$2,365/mo
Listed by Royal Pacific Realty Corp.MLS® R3174340
Under your rent
34
$448,800
$558/sqft
1 bd · 1 ba · 805 sqft
#501, 6055 Nelson Avenue
Burnaby · Apartment/Condo
~$2,127/mo
Listed by Sutton Group-West Coast RealtyMLS® R3173665
Under your rent
22
$515,000
$832/sqft
1 bd · 1 ba · 619 sqft
#211, 4728 Dawson Street
Burnaby · Apartment/Condo
~$2,441/mo
Listed by Sutton Group-West Coast RealtyMLS® R3172366
Under your rent
17
$381,800
$598/sqft
1 bd · 1 ba · 638 sqft
#111, 9250 University High Street
Burnaby · Apartment/Condo
~$1,810/mo
Listed by Sutton Group-West Coast RealtyMLS® R3152512
Under your rent
24
$449,000
$597/sqft
1 bd · 1 ba · 752 sqft
#905, 9541 Erickson Drive
Burnaby · Apartment/Condo
~$2,128/mo
Listed by Sutton Group - 1st West RealtyMLS® R3155549
Under your rent
24
$518,000
$950/sqft
1 bd · 1 ba · 545 sqft
#101, 5355 Lane Street
Burnaby · Apartment/Condo
~$2,455/mo
Listed by Youhome Realty Ltd.MLS® R3135629
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
More ways to explore Burnaby
Listings and market data for Burnaby.
Neighbourhoods in Burnaby
Narrow your search to a specific Burnaby neighbourhood.
Nearby cities
Compare Burnaby with other markets in the region.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.