Under your rent
20
$52,000
$80/sqft
1 bd · 1 ba · 646 sqft
#23B, 134 Madrona Road
Galiano Island · Apartment/Condo
~$246/mo
Listed by Hugh & McKinnon Realty Ltd.MLS® R3104527
Rent vs own
What your rent could own in Galiano Island.
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
- $882,000
- Homes at or under it
- 12
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 12 homes listed at or under it in Galiano Island.
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
- $882,000
- Homes at or under it
- 12
Source: Current MLS® listings.
What each rent buys
In Galiano Island, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $355,000 under Galiano Island's $882,000 median home price. 12 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Galiano Island homes around a $2,500 rent
12 active listings
Under your rent
40
$52,000
$80/sqft
1 bd · 1 ba · 646 sqft
#23-D, 134 Madrona Road
Galiano Island · Apartment/Condo
~$246/mo
Listed by Galiano Island RealtyMLS® R2934814
Under your rent
40
$485,000
$315/sqft
4 bd · 2 ba · 1,539 sqft
456 Steward Drive
Galiano Island · Single Family Residence
~$2,299/mo
Listed by Gulfport RealtyMLS® R3164462
Under your rent
38
$419,000
$576/sqft
2 bd · 1 ba · 728 sqft
23180 Porlier Pass Road
Galiano Island · Manufactured On Land
~$1,986/mo
Listed by Galiano Island RealtyMLS® R3064091
Under your rent
32
$65,000
$101/sqft
1 bd · 1 ba · 646 sqft
#16 B1 – 134 Madrona Drive
Galiano Island · Apartment/Condo
~$308/mo
Listed by Hugh & McKinnon Realty Ltd.MLS® R2988537
Under your rent
19
$365,000
364 Linklater Road
Galiano Island · Land
~$1,730/mo
Listed by Gulfport RealtyMLS® R3151546
Under your rent
14
$295,000
LOT 16 – St. Andrews Crescent
Galiano Island · Land
~$1,398/mo
Listed by Galiano Island RealtyMLS® R3145660
Under your rent
27
$419,000
$1,710/sqft
0 bd · 0 ba · 245 sqft
118 Burrill Road
Galiano Island · Recreational
~$1,986/mo
Listed by Galiano Island RealtyMLS® R3088077
Under your rent
10
$308,000
LOT 1 Burrill Road
Galiano Island · Land
~$1,460/mo
Listed by Galiano Island RealtyMLS® R3138026
Under your rent
20
$450,000
LOT A Lord Road
Galiano Island · Land
~$2,133/mo
Listed by Galiano Island RealtyMLS® R3024070
Under your rent
40
$319,000
620 Simpson Crescent
Galiano Island · Land
~$1,512/mo
Listed by Galiano Island RealtyMLS® R3129722
Under your rent
22
$300,000
Lot 11 Bodega Beach Drive
Galiano Island · Land
~$1,422/mo
Listed by Gulfport RealtyMLS® R3118551
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 Galiano Island
Listings and market data for Galiano Island.
Nearby cities
Compare Galiano Island 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.