Under your rent
28
$300,000
~$1,422/mo
i#57 – 2817 Sooke Lake Road
Langford · Residential
3 bd
1 ba
992 sqft
$302/sqft
Built 1974
MLS® 1039914
RE/MAX Generation (LC)
Rent vs mortgage
$1,500 a month in rent buys a $316,000 home in Langford
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 $208,000. Here are the 12 Langford homes on the market at or under it right now.
Purchase price
$316,000
Down payment
$63,000
All-in monthly
$2,012/mo
Matching homes
12
Langford homes your $1,500 rent could own
Under your rent
39
$299,900
~$1,421/mo
i#50 – 2500 Florence Lake Road
Langford · Residential
2 bd
1 ba
1,043 sqft
$288/sqft
Built 1971
MLS® 1044014
Royal LePage Coast Capital - Chatterton
Under your rent
15
$284,000
~$1,346/mo
i2183 Yucca Place
Langford · Land
0 bd
0 ba
MLS® 1040460
RE/MAX Generation
Under your rent
14
$294,000
~$1,393/mo
i2179 Yucca Place
Langford · Land
0 bd
0 ba
MLS® 1040443
RE/MAX Generation
Under your rent
14
$294,000
~$1,393/mo
i2175 Yucca Place
Langford · Land
0 bd
0 ba
MLS® 1040398
RE/MAX Generation
Under your rent
14
$274,000
~$1,299/mo
i2187 Yucca Place
Langford · Land
0 bd
0 ba
MLS® 1040428
RE/MAX Generation
Under your rent
26
$259,880
~$1,232/mo
i#47 – 2817 Sooke Lake Road
Langford · Residential
2 bd
1 ba
911 sqft
$285/sqft
Built 1996
MLS® 1037936
Maxxam Realty Ltd.
Under your rent
33
$165,000
~$782/mo
i#16 – 2607 Selwyn Road
Langford · Residential
2 bd
1 ba
816 sqft
$202/sqft
Built 1972
MLS® 1044484
RE/MAX Camosun
Under your rent
20
$199,999
~$948/mo
i#57 – 2780 Spencer Road
Langford · Residential
2 bd
1 ba
768 sqft
$260/sqft
Built 1969
MLS® 1040377
Royal LePage Coast Capital - Chatterton
Under your rent
31
$249,900
~$1,184/mo
i#48 – 2847 Sooke Lake Road
Langford · Residential
1 bd
1 ba
905 sqft
$276/sqft
Built 1975
MLS® 1031758
RE/MAX Camosun
Under your rent
25
$249,900
~$1,184/mo
i#26 – 2807 Sooke Lake Road
Langford · Residential
2 bd
1 ba
997 sqft
$251/sqft
Built 1974
MLS® 1041241
Royal LePage Coast Capital - Westshore
Under your rent
25
$260,987
~$1,237/mo
i#19 – 2587 SELWYN Road
Langford · Residential
2 bd
1 ba
738 sqft
$354/sqft
Built 1971
MLS® 1034629
eXp Realty
See all on the map (12 active listings)
Other rents in Langford
$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 4.92 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 Langford?
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 $208,000.
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 $512/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,012.
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.