Under your rent
41
$409,900
$817/sqft
1 bd · 1 ba · 502 sqft
#1005, 460 Nicola Street
Kamloops · Single Family
~$1,943/mo
Listed by Royal LePage Westwin RealtyMLS® 10403055
Rent vs own
What your rent could own in Kamloops.
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
- $639,750
- Homes at or under it
- 356
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 356 homes listed at or under it in Kamloops.
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
- $639,750
- Homes at or under it
- 356
Source: Current MLS® listings.
What each rent buys
In Kamloops, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $112,750 under Kamloops's $639,750 median home price. 356 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Kamloops homes around a $2,500 rent
356 active listings
Under your rent
36
$399,900
$264/sqft
3 bd · 2 ba · 1,512 sqft
#36, 2815 Princeton Kamloops Highway
Kamloops · Single Family
~$1,895/mo
Listed by Royal LePage Westwin RealtyMLS® 10402957
Under your rent
36
$489,900
$366/sqft
3 bd · 1 ba · 1,340 sqft
152 Elm Avenue
Kamloops · Single Family
~$2,322/mo
Listed by Stonehaus Realty CorpMLS® 10403031
Under your rent
40
$449,900
$281/sqft
3 bd · 2 ba · 1,600 sqft
#22, 1469 Springhill Drive
Kamloops · Single Family
~$2,132/mo
Listed by Stonehaus Realty CorpMLS® 10402598
Under your rent
12
$264,900
$441/sqft
1 bd · 1 ba · 601 sqft
#204, 360 BATTLE Street
Kamloops · Single Family
~$1,256/mo
Listed by One Percent Realty Ltd. (Kam)MLS® 10403053
Under your rent
37
$349,900
$198/sqft
3 bd · 2 ba · 1,768 sqft
#75, 137 McGill Road
Kamloops · Single Family
~$1,658/mo
Listed by Royal LePage Westwin RealtyMLS® 10402997
Under your rent
32
$212,900
$575/sqft
1 bd · 1 ba · 370 sqft
#312, 280 TRANQUILLE Road
Kamloops · Single Family
~$1,009/mo
Listed by eXp Realty (Kamloops)MLS® 10403049
Under your rent
40
$495,000
$271/sqft
2 bd · 2 ba · 1,828 sqft
5420 Heffley Louis Creek Road
Kamloops · Single Family
~$2,346/mo
Listed by RE/MAX Integrity RealtyMLS® 10402938
Under your rent
35
$329,900
$370/sqft
3 bd · 2 ba · 891 sqft
#5, 159 ZIRNHELT Road
Kamloops · Single Family
~$1,564/mo
Listed by Stonehaus Realty CorpMLS® 10402220
Under your rent
27
$255,500
$394/sqft
1 bd · 1 ba · 648 sqft
#106, 555 Dalgleish Drive
Kamloops · Single Family
~$1,211/mo
Listed by REMAX KamloopsMLS® 10401409
Under your rent
41
$374,900
$481/sqft
2 bd · 2 ba · 779 sqft
#423, 755 Mayfair Street
Kamloops · Single Family
~$1,777/mo
Listed by REMAX KamloopsMLS® 10401321
Under your rent
43
$249,900
$194/sqft
3 bd · 2 ba · 1,285 sqft
#119, 2401 Ord Road
Kamloops · Single Family
~$1,184/mo
Listed by Royal LePage Westwin RealtyMLS® 10397578
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 Kamloops
Listings and market data for Kamloops.
Nearby cities
Compare Kamloops 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.