Under your rent
26
$299,900
Lot 2 Fairfield Road
Cobble Hill · Vacant Land
~$1,421/mo
Listed by Coldwell Banker Oceanside Real EstateMLS® 1052796
Rent vs own
What your rent could own in Cobble Hill.
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
- $1,137,000
- Homes at or under it
- 7
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 7 homes listed at or under it in Cobble Hill.
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
- $1,137,000
- Homes at or under it
- 7
Source: Current MLS® listings.
What each rent buys
In Cobble Hill, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $610,000 under Cobble Hill's $1,137,000 median home price. 7 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Cobble Hill homes around a $2,500 rent
7 active listings
Under your rent
26
$299,900
Lot 3 Fairfield Road
Cobble Hill · Vacant Land
~$1,421/mo
Listed by Coldwell Banker Oceanside Real EstateMLS® 1052716
Under your rent
31
$299,900
$217/sqft
3 bd · 1 ba · 1,384 sqft
#29, 1751 Northgate Road
Cobble Hill · Single Family
~$1,421/mo
Listed by RE/MAX Island Properties (DU)MLS® 1053889
Under your rent
20
$449,000
1003 Cedarwood Place
Cobble Hill · Vacant Land
~$2,128/mo
Listed by Pemberton Holmes - WestshoreMLS® 1049558
Under your rent
32
$379,999
$251/sqft
3 bd · 2 ba · 1,511 sqft
#116, 1751 Northgate Road
Cobble Hill · Single Family
~$1,801/mo
Listed by RE/MAX CamosunMLS® 1049837
Under your rent
33
$313,900
$252/sqft
2 bd · 2 ba · 1,248 sqft
#66, 1751 Northgate Road
Cobble Hill · Single Family
~$1,488/mo
Listed by Sutton Group-West Coast Realty (Dunc)MLS® 1038934
Under your rent
41
$484,000
Lt 2 Braithwaite Drive
Cobble Hill · Vacant Land
~$2,294/mo
Listed by eXp Realty (NA)MLS® 1046430
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 Cobble Hill
Listings and market data for Cobble Hill.
Nearby cities
Compare Cobble Hill 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.