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Relta Real Estate, by Ray Rasouli

Ray Rasouli is a licensed REALTOR® with the Greater Vancouver board, providing clarity-first guidance for buyers and sellers. No pressure, no hype.

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Ray Rasouli, REALTOR® · Real Broker B.C. Ltd.
500-666 Burrard Street, Vancouver, BC V6C 3P6
+1 (778) 910-6917 · ray@relta.ca
Relta Real Estate is a brand and software platform, not a brokerage. Real estate services are provided by Ray Rasouli, licensed with Real Broker B.C. Ltd.

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Home/Rent vs mortgage/Burnaby

Rent vs mortgage

What could you buy in Burnaby instead of renting?

In Burnaby, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $363,000 under Burnaby's $890,000 median home price, and 189 homes sit at or under it today. Enter your own rent to see what it changes to, from live MLS® inventory.

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $2,500/mo owns a home worth about

$527,000

189 Burnaby homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $414,000.

Rate %
Down %
Amort. yrs
Email *

What each rent buys in Burnaby

Your rent
$1,500/mo
Buys a home priced
$316,000
Homes on the market
3
Your rent
$1,800/mo
Buys a home priced
$380,000
Homes on the market
19
Your rent
$2,000/mo
Buys a home priced
$422,000
Homes on the market
42
Your rent
$2,200/mo
Buys a home priced
$464,000
Homes on the market
81
Your rent
$2,500/mo
Buys a home priced
$527,000
Homes on the market
189
Your rent
$3,000/mo
Buys a home priced
$633,000
Homes on the market
456
Your rent
$3,500/mo
Buys a home priced
$738,000
Homes on the market
692
Your rent
$4,000/mo
Buys a home priced
$844,000
Homes on the market
904
Your rentBuys a home pricedHomes on the market
$1,500/mo$316,0003
$1,800/mo$380,00019
$2,000/mo$422,00042
$2,200/mo$464,00081
$2,500/mo$527,000189
$3,000/mo$633,000456
$3,500/mo$738,000692
$4,000/mo$844,000904

Burnaby homes around a $2,500 rent

#308 – 7428 19TH Avenue
Under your rent
18

$460,000

~$2,180/mo

i

#308 – 7428 19TH Avenue

Burnaby · Residential

2 bd

1 ba

996 sqft

$462/sqft

Built 1975

MLS® R3154280

View

Coldwell Banker Universe Realty

#110 – 9025 Highland Court
New
Under your rent
21

$394,800

~$1,871/mo

i

#110 – 9025 Highland Court

Burnaby · Residential

1 bd

1 ba

568 sqft

$695/sqft

Built 2013

MLS® R3157800

View

Royal LePage West Real Estate Services

#18 – 5760 Hastings Street
Under your rent
10

$339,000

~$1,607/mo

i

#18 – 5760 Hastings Street

Burnaby · Residential

3 bd

1 ba

1,065 sqft

$318/sqft

Built 1967

MLS® R3112013

View

RE/MAX Crest Realty

#1103 – 8940 UNIVERSITY Crescent
Under your rent
Open House on tomorrow, 7am–9am
25

$499,000

~$2,365/mo

i

#1103 – 8940 UNIVERSITY Crescent

Burnaby · Residential

2 bd

2 ba

886 sqft

$563/sqft

Built 2021

MLS® R3157790

View

Oakwyn Realty Ltd.

#1505 – 9280 Salish Court
New
Under your rent
17

$349,900

~$1,658/mo

i

#1505 – 9280 Salish Court

Burnaby · Residential

1 bd

1 ba

741 sqft

$472/sqft

Built 1977

MLS® R3157937

View

Stilhavn Real Estate Services

#313 – 5450 EMPIRE Drive
Under your rent
29

$445,000

~$2,109/mo

i

#313 – 5450 EMPIRE Drive

Burnaby · Residential

2 bd

2 ba

870 sqft

$511/sqft

Built 1974

MLS® R3156799

View

Macdonald Realty

#905 – 9541 ERICKSON Drive
Under your rent
24

$449,000

~$2,128/mo

i

#905 – 9541 ERICKSON Drive

Burnaby · Residential

1 bd

1 ba

752 sqft

$597/sqft

Built 1981

MLS® R3155549

View

Sutton Group - 1st West Realty

#111 – 9250 UNIVERSITY HIGH Street
Under your rent
17

$415,000

~$1,967/mo

i

#111 – 9250 UNIVERSITY HIGH Street

Burnaby · Residential

1 bd

1 ba

638 sqft

$650/sqft

Built 2012

MLS® R3152512

View

Sutton Group-West Coast Realty

#101 – 3733 NORFOLK Street
Under your rent
27

$475,000

~$2,251/mo

i

#101 – 3733 NORFOLK Street

Burnaby · Residential

1 bd

1 ba

767 sqft

$619/sqft

Built 1994

MLS® R3149553

View

Sutton Centre Realty

#309 – 4488 HASTINGS Street
Under your rent
10

$494,900

~$2,346/mo

i

#309 – 4488 HASTINGS Street

Burnaby · Residential

1 bd

1 ba

486 sqft

$1,018/sqft

Built 2028

MLS® R3147414

View

Oakwyn Realty Ltd.

#2410 – 4711 HAZEL Street
Under your rent
28

$520,000

~$2,465/mo

i

#2410 – 4711 HAZEL Street

Burnaby · Residential

1 bd

1 ba

492 sqft

$1,057/sqft

Built 2022

MLS® R3146870

View

RE/MAX Crest Realty

#409 – 3738 NORFOLK Street
Under your rent
29

$475,000

~$2,251/mo

i

#409 – 3738 NORFOLK Street

Burnaby · Residential

1 bd

1 ba

729 sqft

$652/sqft

Built 1993

MLS® R3122055

View

Royal LePage Sussex

See all $2,500/mo matches (189 active listings)

Renting vs buying in Burnaby: what actually changes

At $2,500/mo your payment would carry a $527,000 Burnaby home against a $890,000 local median. Whether that beats renting comes down to four things, not just the monthly number.

Closing costs

Buying carries one-time costs renting does not: property transfer tax, legal fees and inspection. Budget for them before you compare monthly numbers.

Carrying costs

A mortgage payment is not the whole cost. Property tax, strata and insurance sit on top, which is why the all-in number matters more than the headline.

Equity

Each mortgage payment buys a little more of the home. Rent buys none of it, and that gap compounds over the years you would have rented.

Flexibility

Renting is easier to leave. Owning ties up your down payment and takes time and cost to unwind, so the break-even math only works if you stay put.

RR

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.

More ways to explore Burnaby

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Nearby cities

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Rent vs mortgage in Surrey

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Rent vs mortgage in Langley

Rent vs mortgage in Coquitlam

Rent vs mortgage in North Vancouver

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
Mortgage calculatorWhat can I afford?

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.