Under your rent
34
$375,000
$471/sqft
2 bd · 2 ba · 797 sqft
#214, 701 14A Crescent
Invermere · Single Family
~$1,777/mo
Listed by Real Broker B.C. LtdMLS® 10402316
Rent vs own
What your rent could own in Invermere.
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
- $599,000
- Homes at or under it
- 41
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 41 homes listed at or under it in Invermere.
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
- $599,000
- Homes at or under it
- 41
Source: Current MLS® listings.
What each rent buys
In Invermere, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $72,000 under Invermere's $599,000 median home price. 41 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Invermere homes around a $2,500 rent
41 active listings
Under your rent
51
$469,900
$283/sqft
2 bd · 3 ba · 1,663 sqft
619 10th Avenue
Invermere · Single Family
~$2,227/mo
Listed by Fair RealtyMLS® 10397627
Under your rent
9
$128,900
Lot 18 BREWER RISE Ridge
Invermere · Vacant Land
~$611/mo
Listed by Royal LePage Rockies WestMLS® 10389906
Under your rent
22
$219,000
2636 Brewer Ridge Rise
Invermere · Vacant Land
~$1,038/mo
Listed by MaxWell Rockies RealtyMLS® 10402305
Under your rent
2
$229,000
2161 Pineridge Drive
Invermere · Vacant Land
~$1,085/mo
Listed by MaxWell Rockies RealtyMLS® 10402718
Under your rent
48
$484,900
$400/sqft
3 bd · 2 ba · 1,213 sqft
#2114, 205 THIRD Avenue
Invermere · Single Family
~$2,298/mo
Listed by RE/MAX Elk Valley RealtyMLS® 10357382
Under your rent
24
$35,900
$45/sqft
2 bd · 2 ba · 794 sqft
#111H, 701 14A Crescent
Invermere · Single Family
~$170/mo
Listed by RE/MAX InvermereMLS® 10343455
Under your rent
25
$299,900
$253/sqft
3 bd · 2 ba · 1,185 sqft
#711, 200 BLACK FOREST Trail
Invermere · Single Family
~$1,421/mo
Listed by RE/MAX InvermereMLS® 10402394
Under your rent
32
$114,900
2516 COBBLESTONE Trail
Invermere · Vacant Land
~$545/mo
Listed by RE/MAX InvermereMLS® 10362131
Under your rent
8
$450,000
Toby Ridge Road
Invermere · Vacant Land
~$2,133/mo
Listed by CIR RealtyMLS® 10401011
Under your rent
30
$324,900
$327/sqft
2 bd · 2 ba · 995 sqft
#504, 200 BLACK FOREST Trail
Invermere · Single Family
~$1,540/mo
Listed by CIR RealtyMLS® 10401464
Under your rent
5
$214,000
Lot 24 LEDGEROCK Ridge
Invermere · Recreational
~$1,014/mo
Listed by MaxWell Rockies RealtyMLS® 10378190
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 Invermere
Listings and market data for Invermere.
Nearby cities
Compare Invermere 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.