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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/$3,500/mo

Rent vs mortgage

$3,500 a month in rent buys a $738,000 home in Burnaby

That is what a 3500-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 $619,000. Here are the 692 Burnaby homes on the market at or under it right now.

Purchase price

$738,000

Down payment

$148,000

All-in monthly

$4,065/mo

Matching homes

692

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $3,500/mo owns a home worth about

$738,000

692 Burnaby homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $612,000.

Rate %
Down %
Amort. yrs
Email *
How $3,500/mo of rent becomes a purchase price
Rent you pay$3,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$148,000
Mortgage supported$590,000
Purchase price$738,000
Tax, strata & insurance$565/mo
All-in monthly$4,065/mo

Burnaby homes your $3,500 rent could own

#106 – 4788 Brentwood Drive
Under your rent
24

$699,000

~$3,313/mo

i

#106 – 4788 Brentwood Drive

Burnaby · Residential

2 bd

2 ba

832 sqft

$840/sqft

Built 2008

MLS® R3147842

View

RE/MAX Select Properties

#509 – 4808 Hazel Street
New
Under your rent
31

$649,000

~$3,076/mo

i

#509 – 4808 Hazel Street

Burnaby · Residential

2 bd

2 ba

925 sqft

$702/sqft

Built 2008

MLS® R3158388

View

Real Broker

#401 – 4728 Dawson Street
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

View

Razor Projects

#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

#516 – 9319 University Crescent
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

View

eXp Realty

#1205 – 7328 ARCOLA Street
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

View

Saba Realty Ltd.

#107 – 7478 BYRNEPARK Walk
Under your rent
29

$685,000

~$3,247/mo

i

#107 – 7478 BYRNEPARK Walk

Burnaby · Residential

2 bd

2 ba

795 sqft

$862/sqft

Built 2009

MLS® R3156897

View

Oracle Realty Ltd.

#112 – 7478 BYRNEPARK Walk
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

View

Oracle Realty Ltd.

#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

#1511 – 3833 Evergreen Place
New
Under your rent
40

$649,800

~$3,080/mo

i

#1511 – 3833 Evergreen Place

Burnaby · Residential

2 bd

2 ba

673 sqft

$966/sqft

Built 2023

MLS® R3158269

View

Royal LePage Sterling Realty

#1108 – 9888 CAMERON Street
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

View

Metro Edge Realty

#2005 – 6688 ARCOLA Street
Under your rent
18

$699,000

~$3,313/mo

i

#2005 – 6688 ARCOLA Street

Burnaby · Residential

2 bd

2 ba

839 sqft

$833/sqft

Built 2011

MLS® R3134266

View

Dracco Pacific Realty

See all on the map (692 active listings)

Other rents in Burnaby

$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 $3,500 a month in rent buy in Burnaby?

At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $619,000.

How much do I need for a down payment?

On a $738,000 home at 20% down, the down payment is $148,000. 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 $565/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,065.

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.