Under your rent
35
$230,000
~$1,090/mo
iDL 219 Cascade Bay
Harrison Hot Springs · Residential
2 bd
1 ba
750 sqft
$307/sqft
Built 1971
MLS® R3080713
Royal LePage - Wolstencroft
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Harrison Hot Springs
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 $214,000. Here are the 6 Harrison Hot Springs homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$1,988/mo
Matching homes
6
Harrison Hot Springs homes your $1,500 rent could own
Under your rent
35
$235,000
~$1,114/mo
iBLK A – DL 354 Cascade Bay
Harrison Hot Springs · Residential
3 bd
1 ba
1,070 sqft
$220/sqft
Built 1985
MLS® R3103377
Royal LePage - Wolstencroft
Under your rent
30
$297,500
~$1,410/mo
i#20 – 450 Esplanade Avenue
Harrison Hot Springs · Residential
1 bd
1 ba
335 sqft
$888/sqft
Built 1979
MLS® R3144788
Royal Lepage Wheeler Cheam
Under your rent
15
$85,000
~$403/mo
i#206C – 160 Esplanade Avenue
Harrison Hot Springs · Residential
1 bd
1 ba
465 sqft
$183/sqft
Built 2005
MLS® R3137146
Royal Lepage Wheeler Cheam
Under your rent
40
$89,900
~$426/mo
i#312A – 160 Esplanade Avenue
Harrison Hot Springs · Residential
1 bd
1 ba
465 sqft
$193/sqft
Built 2005
MLS® R3106565
Royal Lepage Wheeler Cheam
Under your rent
32
$86,700
~$411/mo
i#212C – 160 Esplanade Avenue
Harrison Hot Springs · Residential
1 bd
1 ba
465 sqft
$186/sqft
Built 2005
MLS® R3130366
Royal Lepage Wheeler Cheam
See all on the map (6 active listings)
Other rents in Harrison Hot Springs
$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 4.03 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 Harrison Hot Springs?
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 $214,000.
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 $488/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $1,988.
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.