Under your rent
61
$495,000
$419/sqft
4 bd · 1 ba · 1,180 sqft
1990 4th Street
Courtenay · Single Family
~$2,346/mo
Listed by eXp Realty (CX)MLS® 1049299
Rent vs own
What your rent could own in Courtenay.
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
- $749,999
- Homes at or under it
- 75
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 75 homes listed at or under it in Courtenay.
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
- $749,999
- Homes at or under it
- 75
Source: Current MLS® listings.
What each rent buys
In Courtenay, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $222,999 under Courtenay's $749,999 median home price. 75 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Courtenay homes around a $2,500 rent
75 active listings
Under your rent
49
$374,900
$408/sqft
2 bd · 1 ba · 920 sqft
#10, 951 17th Street
Courtenay · Single Family
~$1,777/mo
Listed by Engel & Volkers Vancouver Island NorthMLS® 1042647
Under your rent
14
$283,900
$322/sqft
2 bd · 1 ba · 883 sqft
#203, 123 Back Road
Courtenay · Single Family
~$1,346/mo
Listed by Royal LePage-Comox Valley (CV)MLS® 1051971
Under your rent
57
$449,900
$420/sqft
3 bd · 2 ba · 1,072 sqft
#108, 1320 Henry Road
Courtenay · Single Family
~$2,132/mo
Listed by Royal LePage-Comox Valley (CV)MLS® 1051022
Under your rent
13
$389,000
$415/sqft
2 bd · 2 ba · 938 sqft
#11, 4714 Muir Road
Courtenay · Single Family
~$1,844/mo
Listed by eXp Realty (NA)MLS® 1051699
Under your rent
34
$519,900
$578/sqft
2 bd · 2 ba · 900 sqft
#113, 1280 Alpine Road
Courtenay · Single Family
~$2,464/mo
Listed by REMAX Ocean Pacific (CX)MLS® 1050677
Under your rent
24
$309,999
$359/sqft
2 bd · 1 ba · 864 sqft
#204, 220 Back Road
Courtenay · Single Family
~$1,469/mo
Listed by eXp Realty (CR)MLS® 1039638
Under your rent
12
$239,900
$322/sqft
2 bd · 1 ba · 745 sqft
#104, 200 Back Road
Courtenay · Single Family
~$1,137/mo
Listed by Royal LePage-Comox Valley (CV)MLS® 1050607
Under your rent
50
$280,000
$320/sqft
2 bd · 1 ba · 876 sqft
#407, 175 Centennial Drive
Courtenay · Single Family
~$1,327/mo
Listed by REMAX Ocean Pacific (Crtny)MLS® 1051453
Under your rent
37
$524,900
$423/sqft
3 bd · 2 ba · 1,241 sqft
B – 345 Menzies Avenue
Courtenay · Single Family
~$2,488/mo
Listed by eXp Realty (CX)MLS® 1040298
Under your rent
44
$399,900
$492/sqft
2 bd · 2 ba · 813 sqft
2068 4th Street
Courtenay · Single Family
~$1,895/mo
Listed by REMAX Ocean Pacific (Crtny)MLS® 1048381
Under your rent
27
$454,900
$329/sqft
3 bd · 3 ba · 1,383 sqft
#413, 930 Braidwood Road
Courtenay · Single Family
~$2,156/mo
Listed by REMAX Ocean Pacific (CX)MLS® 1051682
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 Courtenay
Listings and market data for Courtenay.
Nearby cities
Compare Courtenay 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.