Under your rent
29
$355,000
~$1,683/mo
i#33 – 7701 Central Saanich Road
Central Saanich · Residential
3 bd
2 ba
1,166 sqft
$304/sqft
Built 1989
MLS® 1045220
eXp Realty
Rent vs mortgage
$2,200 a month in rent buys a $464,000 home in Central Saanich
That is what a 2200-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 $345,000. Here are the 14 Central Saanich homes on the market at or under it right now.
Purchase price
$464,000
Down payment
$93,000
All-in monthly
$2,764/mo
Matching homes
14
Central Saanich homes your $2,200 rent could own
Under your rent
33
$229,000
~$1,085/mo
i#511 – 747 Old Place Road
Central Saanich · Residential
1 bd
1 ba
544 sqft
$421/sqft
Built 2023
MLS® 1044834
Royal LePage Coast Capital - Chatterton
Under your rent
22
$329,000
~$1,559/mo
i#88 – 7583 Central Saanich Road
Central Saanich · Residential
2 bd
2 ba
1,178 sqft
$279/sqft
Built 1991
MLS® 1040601
Maxxam Realty Ltd.
Under your rent
48
$269,000
~$1,275/mo
i#432 – 747 Old Place Road
Central Saanich · Residential
1 bd
1 ba
572 sqft
$470/sqft
Built 2025
MLS® 1040880
RE/MAX Camosun
Under your rent
32
$274,900
~$1,303/mo
i#23 – 7583 Central Saanich Road
Central Saanich · Residential
2 bd
1 ba
994 sqft
$277/sqft
Built 1991
MLS® 1044840
Team 3000 Realty Ltd
Under your rent
41
$352,500
~$1,671/mo
i#94 – 7701 Central Saanich Road
Central Saanich · Residential
2 bd
1 ba
1,088 sqft
$324/sqft
Built 1984
MLS® 1046592
Sotheby's International Realty Canada
Under your rent
30
$399,900
~$1,895/mo
i#111 – 7701 Central Saanich Road
Central Saanich · Residential
3 bd
2 ba
1,368 sqft
$292/sqft
Built 1991
MLS® 1046796
Coldwell Banker Oceanside Real Estate
Under your rent
26
$359,000
~$1,702/mo
i#121 – 7701 Central Saanich Road
Central Saanich · Residential
2 bd
2 ba
1,139 sqft
$315/sqft
Built 1988
MLS® 1039701
Team 3000 Realty Ltd
Under your rent
38
$349,900
~$1,658/mo
i#9 – 7583 Central Saanich Road
Central Saanich · Residential
2 bd
2 ba
1,272 sqft
$275/sqft
Built 1991
MLS® 1043563
Team 3000 Realty Ltd
Under your rent
30
$415,000
~$1,967/mo
i#208 – 1959 Polo Park Court
Central Saanich · Residential
1 bd
1 ba
602 sqft
$689/sqft
Built 2004
MLS® 1046840
RE/MAX Camosun
Under your rent
28
$319,900
~$1,516/mo
i#20 – 7401 Central Saanich Road
Central Saanich · Residential
2 bd
2 ba
1,252 sqft
$256/sqft
Built 1994
MLS® 1037219
Newport Realty Ltd.
Under your rent
28
$359,000
~$1,702/mo
i#85 – 7583 Central Saanich Road
Central Saanich · Residential
2 bd
2 ba
1,212 sqft
$296/sqft
Built 1992
MLS® 1028609
RE/MAX Camosun
See all on the map (14 active listings)
Other rents in Central Saanich
$1,500/mo · $1,800/mo · $2,000/mo · $2,500/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 4.71 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 $2,200 a month in rent buy in Central Saanich?
At a 5.19% rate with 20% down over 25 years, $2,200/mo carries the mortgage on a home priced around $464,000. Covering tax, strata and insurance inside the same budget, the matching price is about $345,000.
How much do I need for a down payment?
On a $464,000 home at 20% down, the down payment is $93,000. 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 $564/mo in tax, strata and insurance, so the honest all-in monthly on a $464,000 home is closer to $2,764.
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.
$1,500/mo in Central Saanich$1,800/mo in Central Saanich$2,000/mo in Central Saanich$2,500/mo in Central Saanich$3,000/mo in Central Saanich$3,500/mo in Central Saanich$4,000/mo in Central SaanichAll rent bands in Central SaanichCentral Saanich market reportMortgage calculator
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.