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
Royal LePage West Real Estate Services
Rent vs mortgage
$2,000 a month in rent buys a $422,000 home in Burnaby
That is what a 2000-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 $319,000. Here are the 42 Burnaby homes on the market at or under it right now.
Purchase price
$422,000
Down payment
$84,000
All-in monthly
$2,487/mo
Matching homes
42
Burnaby homes your $2,000 rent could own
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
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
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
Sutton Group-West Coast Realty
Under your rent
30
$419,888
~$1,990/mo
i#205 – 7465 SANDBORNE Avenue
Burnaby · Residential
1 bd
1 ba
700 sqft
$600/sqft
Built 1991
MLS® R3157316
Real Broker
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
22
$415,000
~$1,967/mo
i#201 – 9146 Saturna Drive
Burnaby · Residential
2 bd
1 ba
815 sqft
$509/sqft
Built 1977
MLS® R3155562
RE/MAX Select Realty
Under your rent
18
$409,900
~$1,943/mo
i#1202 – 6759 WILLINGDON Avenue
Burnaby · Residential
1 bd
1 ba
655 sqft
$626/sqft
Built 1976
MLS® R3121127
Sutton Group-West Coast Realty
Under your rent
18
$389,000
~$1,844/mo
i#305 – 7738 EDMONDS Street
Burnaby · Residential
0 bd
1 ba
421 sqft
$924/sqft
Built 2012
MLS® R3096578
LeHomes Realty Premier
Under your rent
35
$419,000
~$1,986/mo
i#201 – 9153 Saturna Drive
Burnaby · Residential
2 bd
1 ba
860 sqft
$487/sqft
Built 1976
MLS® R3146939
RE/MAX Lifestyles Realty (Langley)
Under your rent
Open House on today, 12pm–5pm
13
$407,900
~$1,933/mo
i#404 – 3633 WILLINGDON Avenue
Burnaby · Residential
0 bd
1 ba
401 sqft
$1,017/sqft
Built 2027
MLS® R3127870
Rennie & Associates Realty Ltd.
See all on the map (42 active listings)
Other rents in Burnaby
$1,500/mo · $1,800/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 $2,000 a month in rent buy in Burnaby?
At a 5.19% rate with 20% down over 25 years, $2,000/mo carries the mortgage on a home priced around $422,000. Covering tax, strata and insurance inside the same budget, the matching price is about $319,000.
How much do I need for a down payment?
On a $422,000 home at 20% down, the down payment is $84,000. 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 $487/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,487.
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.