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500-666 Burrard Street, Vancouver, BC V6C 3P6
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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

®MLSReciprocity
Home/Rent vs mortgage/Burnaby/$2,500/mo

Rent vs mortgage

$2,500 a month in rent buys a $527,000 home in Burnaby

That is what a 2500-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 $419,000. Here are the 189 Burnaby homes on the market at or under it right now.

Purchase price

$527,000

Down payment

$105,000

All-in monthly

$3,013/mo

Matching homes

189

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 *
How $2,500/mo of rent becomes a purchase price
Rent you pay$2,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$105,000
Mortgage supported$422,000
Purchase price$527,000
Tax, strata & insurance$513/mo
All-in monthly$3,013/mo

Burnaby homes your $2,500 rent could own

#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

#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

#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

#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

#322 – 6833 VILLAGE GREEN
Under your rent
21

$485,000

~$2,299/mo

i

#322 – 6833 VILLAGE GREEN

Burnaby · Residential

1 bd

1 ba

607 sqft

$799/sqft

Built 2000

MLS® R3113787

View

Vanhaus Gruppe Realty Inc.

#805 – 2180 ALPHA Avenue
Under your rent
Open House on today, 12pm–5pm
13

$501,900

~$2,379/mo

i

#805 – 2180 ALPHA Avenue

Burnaby · Residential

1 bd

1 ba

443 sqft

$1,133/sqft

Built 2029

MLS® R3109948

View

Rennie & Associates Realty Ltd.

#705 – 6055 Nelson Avenue
Under your rent
24

$458,000

~$2,171/mo

i

#705 – 6055 Nelson Avenue

Burnaby · Residential

1 bd

1 ba

796 sqft

$575/sqft

Built 1988

MLS® R3092995

View

Royal Pacific Realty Corp.

See all on the map (189 active listings)

Other rents in Burnaby

$1,500/mo · $1,800/mo · $2,000/mo · $2,200/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 $2,500 a month in rent buy in Burnaby?

At a 5.19% rate with 20% down over 25 years, $2,500/mo carries the mortgage on a home priced around $527,000. Covering tax, strata and insurance inside the same budget, the matching price is about $419,000.

How much do I need for a down payment?

On a $527,000 home at 20% down, the down payment is $105,000. 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 $513/mo in tax, strata and insurance, so the honest all-in monthly on a $527,000 home is closer to $3,013.

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.

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