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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

®MLSReciprocity
Home/Rent vs mortgage/Courtenay/$1,500/mo

Rent vs mortgage

$1,500 a month in rent buys a $316,000 home in Courtenay

That is what a 1500-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 $207,000. Here are the 20 Courtenay homes on the market at or under it right now.

Purchase price

$316,000

Down payment

$63,000

All-in monthly

$2,018/mo

Matching homes

20

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $1,500/mo owns a home worth about

$316,000

20 Courtenay homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $216,000.

Rate %
Down %
Amort. yrs
Email *
How $1,500/mo of rent becomes a purchase price
Rent you pay$1,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$63,000
Mortgage supported$253,000
Purchase price$316,000
Tax, strata & insurance$518/mo
All-in monthly$2,018/mo

Courtenay homes your $1,500 rent could own

#401 – 840 Braidwood Road
Under your rent
18

$285,000

~$1,351/mo

i

#401 – 840 Braidwood Road

Courtenay · Residential

2 bd

1 ba

951 sqft

$300/sqft

Built 1995

MLS® 1029691

View

eXp Realty (CT)

#103 – 1355 Cumberland Road
Under your rent
32

$314,000

~$1,488/mo

i

#103 – 1355 Cumberland Road

Courtenay · Residential

2 bd

1 ba

920 sqft

$341/sqft

Built 1995

MLS® 1043327

View

Engel & Volkers Vancouver Island North

#11 – 375 21st Street
Under your rent
22

$250,000

~$1,185/mo

i

#11 – 375 21st Street

Courtenay · Residential

2 bd

1 ba

739 sqft

$338/sqft

Built 1991

MLS® 1045148

View

REMAX Ocean Pacific (Crtny)

#8 – 1520 Piercy Avenue
Under your rent
17

$284,900

~$1,350/mo

i

#8 – 1520 Piercy Avenue

Courtenay · Residential

2 bd

1 ba

892 sqft

$319/sqft

Built 1993

MLS® 1044728

View

REMAX Ocean Pacific (CX)

#222 – 1450 Tunner Drive
Under your rent
31

$295,000

~$1,398/mo

i

#222 – 1450 Tunner Drive

Courtenay · Residential

1 bd

1 ba

490 sqft

$602/sqft

Built 1994

MLS® 1044279

View

eXp Realty (CX)

#306A – 178 Back Road
Under your rent
32

$250,000

~$1,185/mo

i

#306A – 178 Back Road

Courtenay · Residential

2 bd

1 ba

941 sqft

$266/sqft

Built 1983

MLS® 1042535

View

eXp Realty (CX)

#106 – 695 Castle Crag Crescent
Under your rent
21

$289,900

~$1,374/mo

i

#106 – 695 Castle Crag Crescent

Courtenay · Residential

2 bd

2 ba

767 sqft

$378/sqft

Built 1980

MLS® 1038239

View

Royal LePage-Comox Valley (CV)

#301 – 200 Back Road
Under your rent
14

$249,000

~$1,180/mo

i

#301 – 200 Back Road

Courtenay · Residential

2 bd

1 ba

735 sqft

$339/sqft

Built 1992

MLS® 1045117

View

Royal LePage-Comox Valley (CV)

#2 – 840 Braidwood Road
Under your rent
19

$289,900

~$1,374/mo

i

#2 – 840 Braidwood Road

Courtenay · Residential

2 bd

1 ba

867 sqft

$334/sqft

Built 1995

MLS® 1044664

View

Royal LePage-Comox Valley (CV)

#4 – 2230 Cliffe Avenue
Under your rent
8

$49,900

~$237/mo

i

#4 – 2230 Cliffe Avenue

Courtenay · Residential

MLS® 1044450

View

eXp Realty (NA)

#105 – 200 Back Road
Under your rent
36

$235,000

~$1,114/mo

i

#105 – 200 Back Road

Courtenay · Residential

1 bd

1 ba

625 sqft

$376/sqft

Built 1992

MLS® 1044169

View

REMAX Ocean Pacific (Crtny)

#6 – 2625 Mansfield Drive
Under your rent
20

$235,000

~$1,114/mo

i

#6 – 2625 Mansfield Drive

Courtenay · Residential

2 bd

1 ba

744 sqft

$316/sqft

Built 1976

MLS® 1044110

View

Royal LePage Nanaimo Realty (NanIsHwyN)

See all on the map (20 active listings)

Other rents in Courtenay

$1,800/mo · $2,000/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 5.15 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 $1,500 a month in rent buy in Courtenay?

At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $207,000.

How much do I need for a down payment?

On a $316,000 home at 20% down, the down payment is $63,000. 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 $518/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,018.

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.

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
$1,800/mo in Courtenay$2,000/mo in Courtenay$2,200/mo in Courtenay$2,500/mo in Courtenay$3,000/mo in Courtenay$3,500/mo in Courtenay$4,000/mo in CourtenayAll rent bands in CourtenayCourtenay 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.