Under your rent
40
$350,000
$275/sqft
3 bd · 2 ba · 1,274 sqft
#91, 41168 Lougheed Highway
Mission · Manufactured Home
~$1,659/mo
Listed by Royal LePage Elite WestMLS® R3172728
Rent vs own
What your rent could own in Mission.
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
- $899,000
- Homes at or under it
- 110
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 110 homes listed at or under it in Mission.
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
- $899,000
- Homes at or under it
- 110
Source: Current MLS® listings.
What each rent buys
In Mission, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $372,000 under Mission's $899,000 median home price. 110 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Mission homes around a $2,500 rent
110 active listings
Under your rent
25
$449,000
$320/sqft
2 bd · 2 ba · 1,401 sqft
#5, 32165 7 Avenue
Mission · Townhouse
~$2,128/mo
Listed by eXp Realty of Canada Inc.MLS® R3159658
Under your rent
31
$429,000
$387/sqft
2 bd · 2 ba · 1,108 sqft
#301, 33669 2nd Avenue
Mission · Apartment/Condo
~$2,033/mo
Listed by RE/MAX MagnoliaMLS® R3112559
Under your rent
17
$269,000
$288/sqft
2 bd · 1 ba · 934 sqft
#41, 43201 Lougheed Highway
Mission · Manufactured Home
~$1,275/mo
Listed by Real Broker BC LtdMLS® R3167152
Under your rent
16
$189,900
$186/sqft
2 bd · 1 ba · 1,022 sqft
#81, 10221 Wilson Road
Mission · Manufactured Home
~$900/mo
Listed by Royal LePage Little Oak RealtyMLS® R3172086
Under your rent
23
$199,999
42269 Bergen Road
Mission · Land
~$948/mo
Listed by Oakwyn Realty Ltd.MLS® R3174253
Under your rent
28
$149,000
#200, 8400 Shook Road
Mission · Land
~$706/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3120200
Under your rent
19
$389,000
$665/sqft
1 bd · 1 ba · 585 sqft
#216, 31900 Raven Avenue
Mission · Apartment/Condo
~$1,844/mo
Listed by HouseSigma Inc.MLS® R3173602
Under your rent
28
$265,000
$341/sqft
1 bd · 1 ba · 776 sqft
#329, 7436 Stave Lake Street
Mission · Apartment/Condo
~$1,256/mo
Listed by RE/MAX MagnoliaMLS® R3173468
Under your rent
34
$359,900
$212/sqft
2 bd · 1 ba · 1,696 sqft
#106, 43201 Lougheed Highway
Mission · Manufactured Home
~$1,706/mo
Listed by Royal Lepage Wheeler CheamMLS® R3173409
Under your rent
40
$399,900
$301/sqft
2 bd · 2 ba · 1,328 sqft
#112, 10221 Wilson Street
Mission · Manufactured Home
~$1,895/mo
Listed by eXp Realty of Canada Inc.MLS® R3124295
Under your rent
35
$474,999
$664/sqft
1 bd · 1 ba · 715 sqft
#5, 9055 Shook Road
Mission · Single Family Residence
~$2,251/mo
Listed by RE/MAX MagnoliaMLS® R3114538
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 Mission
Listings and market data for Mission.
Nearby cities
Compare Mission 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.