Under your rent
13
$349,000
LOT – 1 COTTONWOOD Place
Canim Lake · Vacant Land
~$1,654/mo
Listed by REMAX 100MLS® R3174151
Rent vs own
What your rent could own in Canim Lake.
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
- $232,000
- Homes at or under it
- 21
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 21 homes listed at or under it in Canim Lake.
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
- $232,000
- Homes at or under it
- 21
Source: Current MLS® listings.
What each rent buys
In Canim Lake, a $2,500 rent carries the mortgage on a home priced around $527,000. That clears Canim Lake's $232,000 median home price. 21 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Canim Lake homes around a $2,500 rent
21 active listings
Under your rent
6
$75,000
LOT – 9 COTTONWOOD Place
Canim Lake · Vacant Land
~$355/mo
Listed by REMAX 100MLS® R3174154
Under your rent
9
$145,900
3561 CANDLE Drive
Canim Lake · Vacant Land
~$692/mo
Listed by REMAX 100MLS® R3109979
Under your rent
5
$93,500
LOT 24 KOKANEE Road
Canim Lake · Vacant Land
~$443/mo
Listed by Royal LePage Little Oak RealtyMLS® R2980355
Under your rent
18
$199,900
DL – 7708 CANIM HENDRIX Road
Canim Lake · Vacant Land
~$947/mo
Listed by REMAX 100MLS® R3088991
Under your rent
14
$98,000
LOT – 3 RAINBOW Drive
Canim Lake · Vacant Land
~$464/mo
Listed by eXp Realty (100 Mile)MLS® R3167226
Under your rent
6
$98,000
LOT – 8 SUMMIT Drive
Canim Lake · Vacant Land
~$464/mo
Listed by eXp Realty (100 Mile)MLS® R3167220
Under your rent
6
$67,500
LOT – 2 RAINBOW Drive
Canim Lake · Vacant Land
~$320/mo
Listed by eXp Realty (100 Mile)MLS® R3167224
Under your rent
39
$509,000
$265/sqft
4 bd · 2 ba · 1,918 sqft
2261 EAGLE CREEK Road
Canim Lake · Single Family
~$2,413/mo
Listed by eXp Realty (100 Mile)MLS® R3161052
Under your rent
9
$239,000
LOT 1 CANIM LAKE Road
Canim Lake · Vacant Land
~$1,133/mo
Listed by eXp RealtyMLS® R3113207
Under your rent
25
$175,000
$438/sqft
2 bd · 0 ba · 400 sqft
3547 SELLARS Road
Canim Lake · Recreational
~$829/mo
Listed by eXp Realty (100 Mile)MLS® R3153960
Under your rent
2
$425,000
LOT – B HOOVER BAY Road
Canim Lake · Vacant Land
~$2,014/mo
Listed by REMAX 100MLS® R3147820
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 Canim Lake
Listings and market data for Canim Lake.
Nearby cities
Compare Canim Lake 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.