New
Under your rent
Open House on Sat, 2pm–4pm
24
$569,000
~$2,697/mo
i#401 – 4728 Dawson Street
Burnaby · Residential
1 bd
1 ba
780 sqft
$729/sqft
Built 2008
MLS® R3158231
Razor Projects
Rent vs mortgage
$3,000 a month in rent buys a $633,000 home in Burnaby
That is what a 3000-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 $519,000. Here are the 456 Burnaby homes on the market at or under it right now.
Purchase price
$633,000
Down payment
$127,000
All-in monthly
$3,539/mo
Matching homes
456
Burnaby homes your $3,000 rent could own
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
Coldwell Banker Universe Realty
Newly Listed
Under your rent
34
$538,000
~$2,550/mo
i#516 – 9319 University Crescent
Burnaby · Residential
2 bd
2 ba
1,000 sqft
$538/sqft
Built 2005
MLS® R3157735
eXp Realty
Under your rent
38
$599,900
~$2,843/mo
i#1205 – 7328 ARCOLA Street
Burnaby · Residential
2 bd
2 ba
850 sqft
$706/sqft
Built 2009
MLS® R3158185
Saba Realty Ltd.
Under your rent
27
$629,000
~$2,981/mo
i#112 – 7478 BYRNEPARK Walk
Burnaby · Residential
2 bd
2 ba
787 sqft
$799/sqft
Built 2009
MLS® R3152376
Oracle Realty Ltd.
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
Under your rent
19
$619,000
~$2,934/mo
i#1108 – 9888 CAMERON Street
Burnaby · Residential
2 bd
2 ba
955 sqft
$648/sqft
Built 2009
MLS® R3145171
Metro Edge Realty
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
Under your rent
Open House on Sat, 11am–1pm
22
$529,000
~$2,507/mo
i#1208 – 3809 Evergreen Place
Burnaby · Residential
1 bd
1 ba
566 sqft
$935/sqft
Built 2023
MLS® R3109225
Sutton Centre Realty
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
Oakwyn Realty Ltd.
Under your rent
30
$599,000
~$2,839/mo
i#1801 – 1888 GILMORE Avenue
Burnaby · Residential
1 bd
1 ba
618 sqft
$969/sqft
Built 2020
MLS® R3148556
Royal Pacific Realty Corp.
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
See all on the map (456 active listings)
Other rents in Burnaby
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/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 $3,000 a month in rent buy in Burnaby?
At a 5.19% rate with 20% down over 25 years, $3,000/mo carries the mortgage on a home priced around $633,000. Covering tax, strata and insurance inside the same budget, the matching price is about $519,000.
How much do I need for a down payment?
On a $633,000 home at 20% down, the down payment is $127,000. 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 $539/mo in tax, strata and insurance, so the honest all-in monthly on a $633,000 home is closer to $3,539.
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.