Under your rent
30
$399,000
~$1,891/mo
i#300 – 383 Wale Road
Colwood · Residential
2 bd
1 ba
719 sqft
$555/sqft
Built 2005
MLS® 1043049
Maxxam Realty Ltd.
Rent vs mortgage
$2,000 a month in rent buys a $422,000 home in Colwood
That is what a 2000-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 $308,000. Here are the 3 Colwood homes on the market at or under it right now.
Purchase price
$422,000
Down payment
$84,000
All-in monthly
$2,542/mo
Matching homes
3
Colwood homes your $2,000 rent could own
Under your rent
27
$320,000
~$1,517/mo
i#208 – 383 Wale Road
Colwood · Residential
2 bd
1 ba
719 sqft
$445/sqft
Built 2005
MLS® 1040458
Century 21 Queenswood Realty Ltd.
Under your rent
12
$419,900
~$1,990/mo
i#302 – 3582 Ryder Hesjedal Way
Colwood · Residential
1 bd
1 ba
474 sqft
$886/sqft
Built 2026
MLS® 1041575
Rennie & Associates Realty Ltd.
See all on the map (3 active listings)
Other rents in Colwood
$1,500/mo · $1,800/mo · $2,200/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 4.56 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 $2,000 a month in rent buy in Colwood?
At a 5.19% rate with 20% down over 25 years, $2,000/mo carries the mortgage on a home priced around $422,000. Covering tax, strata and insurance inside the same budget, the matching price is about $308,000.
How much do I need for a down payment?
On a $422,000 home at 20% down, the down payment is $84,000. 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 $542/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,542.
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.
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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.