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The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. MLS®, Multiple Listing Service®, and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

®MLSReciprocity
Home/Rent vs mortgage/Mission/$3,500/mo

Rent vs mortgage

$3,500 a month in rent buys a $738,000 home in Mission

That is what a 3500-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 $606,000. Here are the 221 Mission homes on the market at or under it right now.

Purchase price

$738,000

Down payment

$148,000

All-in monthly

$4,128/mo

Matching homes

221

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $3,500/mo owns a home worth about

$738,000

221 Mission homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $612,000.

Rate %
Down %
Amort. yrs
Email *
How $3,500/mo of rent becomes a purchase price
Rent you pay$3,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$148,000
Mortgage supported$590,000
Purchase price$738,000
Tax, strata & insurance$628/mo
All-in monthly$4,128/mo

Mission homes your $3,500 rent could own

12050 Hodgkin Road
Under your rent
24

$524,900

~$2,488/mo

i

12050 Hodgkin Road

Mission · Land

MLS® R3132848

View

Century 21 Creekside Realty

#21 – 32929 Cherry Avenue
Newly Listed
Under your rent
24

$679,900

~$3,223/mo

i

#21 – 32929 Cherry Avenue

Mission · Residential

3 bd

3 ba

1,707 sqft

$398/sqft

Built 2026

MLS® R3158356

View

Royal LePage Elite West

12653 Cardinal Street
Under your rent
11

$549,900

~$2,606/mo

i

12653 Cardinal Street

Mission · Land

MLS® R3146782

View

Oakwyn Realty Ltd.

32549 BEAVER Drive
Under your rent
22

$699,000

~$3,313/mo

i

32549 BEAVER Drive

Mission · Residential

2 bd

2 ba

968 sqft

$722/sqft

Built 1957

MLS® R3148122

View

Sutton Sarbat Realty

#71 – 8335 Nelson Street
Newly Listed
Under your rent
40

$724,900

~$3,436/mo

i

#71 – 8335 Nelson Street

Mission · Residential

4 bd

3 ba

1,676 sqft

$433/sqft

Built 2021

MLS® R3155597

View

Royal LePage - Wolstencroft

7729 Stave Lake Street
Under your rent
38

$724,900

~$3,436/mo

i

7729 Stave Lake Street

Mission · Residential

1 bd

1 ba

1,991 sqft

$364/sqft

Built 1949

MLS® R3136558

View

Homelife Advantage Realty Ltd.

#311 – 33920 Best Avenue
Under your rent
27

$565,000

~$2,678/mo

i

#311 – 33920 Best Avenue

Mission · Residential

2 bd

2 ba

964 sqft

$586/sqft

Built 2025

MLS® R3126993

View

Multiple Realty Ltd.

#305 – 33150 4th Avenue
Newly Listed
Under your rent
16

$515,000

~$2,441/mo

i

#305 – 33150 4th Avenue

Mission · Residential

3 bd

2 ba

1,092 sqft

$472/sqft

Built 1996

MLS® R3157624

View

Royal LePage Little Oak Realty

#11 – 8924 Cedar Street
Newly Listed
Under your rent
40

$679,900

~$3,223/mo

i

#11 – 8924 Cedar Street

Mission · Residential

3 bd

3 ba

1,477 sqft

$460/sqft

Built 2026

MLS® R3155061

View

Century 21 Coastal Realty Ltd.

#13 – 8924 Cedar Street
Newly Listed
Under your rent
40

$659,900

~$3,128/mo

i

#13 – 8924 Cedar Street

Mission · Residential

3 bd

3 ba

1,427 sqft

$462/sqft

Built 2026

MLS® R3155059

View

Century 21 Coastal Realty Ltd.

#12 – 8924 Cedar Street
Newly Listed
Under your rent
40

$659,900

~$3,128/mo

i

#12 – 8924 Cedar Street

Mission · Residential

3 bd

3 ba

1,427 sqft

$462/sqft

Built 2026

MLS® R3155053

View

Century 21 Coastal Realty Ltd.

#507 – 7375 HORNE Street
Under your rent
23

$344,800

~$1,634/mo

i

#507 – 7375 HORNE Street

Mission · Residential

1 bd

1 ba

461 sqft

$748/sqft

Built 2026

MLS® R3130795

View

Team 3000 Realty Ltd.

See all on the map (221 active listings)

Other rents in Mission

$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 4.00 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 $3,500 a month in rent buy in Mission?

At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $606,000.

How much do I need for a down payment?

On a $738,000 home at 20% down, the down payment is $148,000. 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 $628/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,128.

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.

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
$1,500/mo in Mission$1,800/mo in Mission$2,000/mo in Mission$2,200/mo in Mission$2,500/mo in Mission$3,000/mo in Mission$4,000/mo in MissionAll rent bands in MissionMission market reportMortgage calculator

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.