Under your rent
29
$499,000
$934/sqft
1 bd · 1 ba · 534 sqft
#601, 4720 Lougheed Highway
Burnaby · Apartment/Condo
~$2,365/mo
Listed by eXp RealtyMLS® R3172226
Rent vs own
$2,500 a month in rent buys a $527,000 home in Burnaby
At a 5.19% posted rate, 20% down and 25 years. 189 Burnaby homes are listed at or under it.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,026/mo
- Homes listed
- 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.
- Purchase price
- $527,000
- Down payment
- $105,000
- All-in monthly
- $3,026/mo
- Homes listed
- 189
Source: Current MLS® listings.
Burnaby homes your $2,500 rent could own
189 active listingsOpen these Burnaby homes on the map
Draw an area and save homes you like.
Under your rent
35
$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
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
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).
The math
| Rent you pay | $2,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $105,000 |
| Mortgage supported | $422,000 |
| Purchase price | $527,000 |
| Tax, strata and insurance | $526/mo |
| All-in monthly | $3,026/mo |
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
- 3.28 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.
Questions
$105,000, or 20% of $527,000.
The mortgage payment is. Tax, strata and insurance add about $526/mo, for $3,026 in total.
Other rents in Burnaby
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.