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
RE/MAX Crest Realty
Rent vs mortgage
$1,800 a month in rent buys a $380,000 home in Burnaby
That is what a 1800-a-month rent carries as a mortgage at 5.19%, with 20% down over a 25-year amortization. Covering property tax, strata and insurance inside the same monthly budget, the matching price is about $279,000. Here are the 19 Burnaby homes on the market at or under it right now.
Purchase price
$380,000
Down payment
$76,000
All-in monthly
$2,276/mo
Matching homes
19
Burnaby homes your $1,800 rent could own
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
Stilhavn Real Estate Services
Under your rent
31
$349,900
~$1,658/mo
i#708 – 9025 HIGHLAND Court
Burnaby · Residential
1 bd
1 ba
442 sqft
$792/sqft
Built 2013
MLS® R3155728
Nu Stream Realty Inc.
Under your rent
27
$370,000
~$1,754/mo
i#1405 – 9595 ERICKSON Drive
Burnaby · Residential
1 bd
1 ba
737 sqft
$502/sqft
Built 1981
MLS® R3145554
RE/MAX Crest Realty
Newly Listed
Under your rent
4
$299,000
~$1,417/mo
i#206 – 3925 Kingsway Street
Burnaby · Residential
1 bd
1 ba
641 sqft
$466/sqft
Built 1974
MLS® R3156328
Royal Pacific Realty (Kingsway) Ltd.
Under your rent
19
$362,500
~$1,718/mo
i#417 – 9009 CORNERSTONE Mews
Burnaby · Residential
1 bd
1 ba
445 sqft
$815/sqft
Built 2009
MLS® R3096817
Royal Pacific Realty Corp.
Under your rent
25
$372,000
~$1,763/mo
i#707 – 9025 Highland Court
Burnaby · Residential
1 bd
1 ba
456 sqft
$816/sqft
Built 2013
MLS® R3135933
Macdonald Realty Westmar
Under your rent
7
$359,000
~$1,702/mo
i#310 – 9867 Manchester Drive
Burnaby · Residential
1 bd
1 ba
646 sqft
$556/sqft
Built 1980
MLS® R3136335
Team 3000 Realty Ltd.
Under your rent
22
$309,000
~$1,465/mo
i#106 – 5127 Irving Street
Burnaby · Residential
2 bd
1 ba
855 sqft
$361/sqft
Built 1968
MLS® R3046098
Royal Pacific Realty (Kingsway) Ltd.
Under your rent
25
$349,900
~$1,658/mo
i#303 – 5335 HASTINGS Street
Burnaby · Residential
1 bd
1 ba
713 sqft
$491/sqft
Built 1986
MLS® R3153129
1NE Collective Realty Inc.
Under your rent
27
$369,900
~$1,753/mo
i#8 – 6965 Hastings Street
Burnaby · Residential
1 bd
1 ba
498 sqft
$743/sqft
Built 2010
MLS® R3148033
The Agency Vancouver
Under your rent
25
$349,800
~$1,658/mo
i#102 – 9080 University Crescent
Burnaby · Residential
1 bd
1 ba
506 sqft
$691/sqft
Built 2015
MLS® R3115401
LeHomes Realty Premier
See all on the map (19 active listings)
Other rents in Burnaby
$1,500/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/mo · $4,000/mo
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 2.98 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.
Common questions
What can $1,800 a month in rent buy in Burnaby?
At a 5.19% rate with 20% down over 25 years, $1,800/mo carries the mortgage on a home priced around $380,000. Covering tax, strata and insurance inside the same budget, the matching price is about $279,000.
How much do I need for a down payment?
On a $380,000 home at 20% down, the down payment is $76,000. A smaller down payment raises the monthly cost and may add mortgage insurance.
Is the mortgage really the same as my rent?
The mortgage payment is, by design; that is what this page solves for. Owning also adds roughly $476/mo in tax, strata and insurance, so the honest all-in monthly on a $380,000 home is closer to $2,276.
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.
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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.