Under your rent
29
$299,900
$291/sqft
2 bd · 1 ba · 1,030 sqft
#101, 46033 Chilliwack Central Road
Chilliwack · Apartment/Condo
~$1,421/mo
Listed by RE/MAX Nyda Realty Inc.MLS® R3167995
Rent vs own
What your rent could own in Chilliwack.
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
- $750,000
- Homes at or under it
- 300
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 300 homes listed at or under it in Chilliwack.
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
- $750,000
- Homes at or under it
- 300
Source: Current MLS® listings.
What each rent buys
In Chilliwack, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $223,000 under Chilliwack's $750,000 median home price. 300 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Chilliwack homes around a $2,500 rent
300 active listings
Under your rent
18
$199,900
$352/sqft
1 bd · 1 ba · 568 sqft
#111, 45749 Spadina Avenue
Chilliwack · Apartment/Condo
~$947/mo
Listed by One Percent Realty Ltd.MLS® R3161619
Under your rent
31
$259,800
$281/sqft
2 bd · 1 ba · 924 sqft
#74, 5742 Unsworth Road
Chilliwack · Manufactured Home
~$1,231/mo
Listed by RE/MAX WestcoastMLS® R3173343
Under your rent
30
$354,900
$286/sqft
3 bd · 2 ba · 1,240 sqft
#2, 9342 Hazel Street
Chilliwack · Townhouse
~$1,682/mo
Listed by Select Real EstateMLS® R3173329
Under your rent
27
$99,900
$130/sqft
2 bd · 1 ba · 768 sqft
#41, 3942 Columbia Valley Road
Chilliwack · Manufactured Home
~$474/mo
Listed by Homelife Advantage Realty Ltd.MLS® R3147801
Under your rent
33
$525,000
$378/sqft
3 bd · 2 ba · 1,389 sqft
#7, 46191 Cessna Drive
Chilliwack · Townhouse
~$2,488/mo
Listed by Homelife Advantage Realty LtdMLS® R3139591
Under your rent
17
$314,900
$362/sqft
2 bd · 2 ba · 869 sqft
#101, 45567 Yale Road
Chilliwack · Apartment/Condo
~$1,493/mo
Listed by Pathway Executives Realty Inc.MLS® R3174062
Under your rent
35
$229,900
$280/sqft
1 bd · 1 ba · 820 sqft
#205, 45604 Brett Avenue
Chilliwack · Apartment/Condo
~$1,090/mo
Listed by Pathway Executives Realty Inc.MLS® R3171869
Under your rent
$325,000
$618/sqft
1 bd · 1 ba · 526 sqft
#106, 9450 Robson Street
Chilliwack · Apartment/Condo
~$1,540/mo
Listed by Royal LePage Brent Roberts RealtyMLS® R3173615
Under your rent
30
$479,900
$352/sqft
3 bd · 2 ba · 1,365 sqft
#45, 45185 Wolfe Road
Chilliwack · Townhouse
~$2,275/mo
Listed by RE/MAX Nyda Realty Inc.MLS® R3173988
Under your rent
8
$399,000
#242, 51075 Falls Court
Chilliwack · Land
~$1,891/mo
Listed by Planet Group Realty Inc.MLS® R3161221
Under your rent
19
$424,900
$317/sqft
3 bd · 2 ba · 1,339 sqft
#212, 45893 Chesterfield Avenue
Chilliwack · Apartment/Condo
~$2,014/mo
Listed by eXp RealtyMLS® R3162174
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 Chilliwack
Listings and market data for Chilliwack.
Nearby cities
Compare Chilliwack 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.