Under your rent
12
$349,000
~$1,654/mo
i#18 – 1535 Dingwall Road
Courtenay · Residential
2 bd
1 ba
807 sqft
$432/sqft
Built 1993
MLS® 1046721
eXp Realty (CX)
Rent vs mortgage
$4,000 a month in rent buys a $844,000 home in Courtenay
That is what a 4000-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 $687,000. Here are the 158 Courtenay homes on the market at or under it right now.
Purchase price
$844,000
Down payment
$169,000
All-in monthly
$4,744/mo
Matching homes
158
Courtenay homes your $4,000 rent could own
Under your rent
39
$679,000
~$3,218/mo
iA – 1121 Monarch Drive
Courtenay · Residential
3 bd
2 ba
1,383 sqft
$491/sqft
Built 2004
MLS® 1047230
eXp Realty (CT)
Under your rent
20
$460,000
~$2,180/mo
i4649 McQuillan Road
Courtenay · Residential
3 bd
2 ba
1,020 sqft
$451/sqft
Built 1973
MLS® 1040857
Engel & Volkers Vancouver Island North
Under your rent
27
$725,000
~$3,436/mo
i2238 Tamarack Drive
Courtenay · Residential
3 bd
2 ba
1,540 sqft
$471/sqft
Built 2003
MLS® 1037285
eXp Realty (CT)
Under your rent
45
$699,000
~$3,313/mo
iA – 1381 Henry Road
Courtenay · Residential
3 bd
3 ba
1,280 sqft
$546/sqft
Built 1996
MLS® 1047532
One Percent Realty Ltd.
Under your rent
Open House on Sat, 11am–1pm
79
$679,900
~$3,223/mo
i#204 – 2580 Brookfield Drive
Courtenay · Residential
3 bd
3 ba
1,696 sqft
$401/sqft
Built 2025
MLS® 1037525
REMAX Ocean Pacific (Crtny)
Under your rent
Open House on Sat, 11am–1pm
57
$669,900
~$3,175/mo
i#201 – 2580 Brookfield Drive
Courtenay · Residential
3 bd
3 ba
1,532 sqft
$437/sqft
Built 2025
MLS® 1037545
REMAX Ocean Pacific (Crtny)
Under your rent
45
$664,500
~$3,150/mo
i4863 Dundas Road
Courtenay · Residential
3 bd
3 ba
1,277 sqft
$520/sqft
Built 1988
MLS® 1041306
Engel & Volkers Vancouver Island North
Under your rent
20
$614,999
~$2,915/mo
i#165 – 202 31st Street
Courtenay · Residential
3 bd
2 ba
1,116 sqft
$551/sqft
Built 1998
MLS® 1043000
REMAX Ocean Pacific (Crtny)
Under your rent
58
$630,000
~$2,986/mo
i4931 Island Highway
Courtenay · Residential
3 bd
1 ba
1,168 sqft
$539/sqft
Built 1973
MLS® 1040978
REMAX Ocean Pacific (Crtny)
Under your rent
16
$349,900
~$1,658/mo
i#108 – 130 Back Road
Courtenay · Residential
2 bd
1 ba
887 sqft
$394/sqft
Built 1995
MLS® 1047405
Royal LePage-Comox Valley (CV)
Under your rent
38
$809,900
~$3,839/mo
i2099 St. Andrews Way
Courtenay · Residential
3 bd
2 ba
1,492 sqft
$543/sqft
Built 2002
MLS® 1044202
REMAX Ocean Pacific (CX)
See all on the map (158 active listings)
Other rents in Courtenay
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/mo · $3,500/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 $4,000 a month in rent buy in Courtenay?
At a 5.19% rate with 20% down over 25 years, $4,000/mo carries the mortgage on a home priced around $844,000. Covering tax, strata and insurance inside the same budget, the matching price is about $687,000.
How much do I need for a down payment?
On a $844,000 home at 20% down, the down payment is $169,000. 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 $744/mo in tax, strata and insurance, so the honest all-in monthly on a $844,000 home is closer to $4,744.
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.