Under your rent
40
$475,000
$307/sqft
4 bd · 2 ba · 1,547 sqft
4747 Willow Avenue
Canal Flats · Single Family
~$2,251/mo
Listed by RE/MAX Blue Sky RealtyMLS® 10402734
Rent vs own
What your rent could own in Canal Flats.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $529,000
- Homes at or under it
- 13
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 13 homes listed at or under it in Canal Flats.
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.
- A $2,500 rent carries
- $527,000
- Median asking
- $529,000
- Homes at or under it
- 13
Source: Current MLS® listings.
What each rent buys
In Canal Flats, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $2,000 under Canal Flats's $529,000 median home price. 13 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Canal Flats homes around a $2,500 rent
13 active listings
Under your rent
20
$390,000
$295/sqft
3 bd · 2 ba · 1,320 sqft
8948 Rundle Place
Canal Flats · Single Family
~$1,849/mo
Listed by MaxWell Rockies RealtyMLS® 10396815
Under your rent
56
$369,000
$227/sqft
4 bd · 1 ba · 1,625 sqft
4981 Spruce Avenue
Canal Flats · Single Family
~$1,749/mo
Listed by Royal LePage Rockies WestMLS® 10379860
Under your rent
52
$479,500
$168/sqft
4 bd · 2 ba · 2,859 sqft
4771 BAILLIE GROHMAN Avenue
Canal Flats · Single Family
~$2,273/mo
Listed by Royal LePage Rockies WestMLS® 10375715
Under your rent
10
$112,000
4963 Spruce Avenue
Canal Flats · Vacant Land
~$531/mo
Listed by Royal LePage Rockies WestMLS® 10379817
Under your rent
11
$279,500
$312/sqft
896 sqft
8917 Grainger Road
Canal Flats · Other
~$1,325/mo
Listed by Royal LePage Rockies WestMLS® 10383993
Under your rent
12
$279,500
8917 Grainger Road
Canal Flats · Vacant Land
~$1,325/mo
Listed by Royal LePage Rockies WestMLS® 10392136
Under your rent
33
$495,000
$319/sqft
3 bd · 2 ba · 1,550 sqft
4954 STEVENS Avenue
Canal Flats · Single Family
~$2,346/mo
Listed by Royal LePage Rockies WestMLS® 10396650
Under your rent
31
$365,000
$186/sqft
3 bd · 2 ba · 1,959 sqft
4746 Burns Avenue
Canal Flats · Single Family
~$1,730/mo
Listed by RE/MAX Blue Sky RealtyMLS® 10391510
Under your rent
25
$104,999
4965 Spruce Avenue
Canal Flats · Vacant Land
~$498/mo
Listed by Royal LePage Rockies WestMLS® 10387827
Under your rent
37
$295,000
8785 GRAINGER Road
Canal Flats · Vacant Land
~$1,398/mo
Listed by RE/MAX InvermereMLS® 10384285
Under your rent
35
$495,000
8692 COTTAGE Lane
Canal Flats · Recreational
~$2,346/mo
Listed by RE/MAX InvermereMLS® 10384288
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).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
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
- 3.50 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.
More ways to explore Canal Flats
Listings and market data for Canal Flats.
Nearby cities
Compare Canal Flats with other markets in the region.
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.