Under your rent
6
$499,900
22 Anchor Way
Nanoose Bay · Vacant Land
~$2,369/mo
Listed by REMAX Professionals (NA)MLS® 1050557
Rent vs own
What your rent could own in Nanoose Bay.
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
- $1,199,000
- Homes at or under it
- 11
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 11 homes listed at or under it in Nanoose Bay.
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
- $1,199,000
- Homes at or under it
- 11
Source: Current MLS® listings.
What each rent buys
In Nanoose Bay, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $672,000 under Nanoose Bay's $1,199,000 median home price. 11 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Nanoose Bay homes around a $2,500 rent
11 active listings
Under your rent
31
$509,000
$661/sqft
1 bd · 1 ba · 770 sqft
#407, 3529 Dolphin Drive
Nanoose Bay · Single Family
~$2,413/mo
Listed by Engel & Volkers Vancouver Island NorthMLS® 1049780
Under your rent
10
$449,000
Lot 47 Goodrich Road
Nanoose Bay · Vacant Land
~$2,128/mo
Listed by Royal LePage Island Living (PK)MLS® 1032491
Under your rent
13
$439,000
Lot 50 Goodrich Road
Nanoose Bay · Vacant Land
~$2,081/mo
Listed by Royal LePage Island Living (PK)MLS® 1032465
Under your rent
38
$319,900
$282/sqft
2 bd · 2 ba · 1,134 sqft
#219, 2465 Apollo Drive
Nanoose Bay · Single Family
~$1,516/mo
Listed by Royal LePage Island Living (PK)MLS® 1051140
Under your rent
8
$399,000
$663/sqft
2 bd · 1 ba · 602 sqft
2406 Nanoose Beach Road
Nanoose Bay · Single Family
~$1,891/mo
Listed by Island Pacific Realty Ltd.MLS® 1024699
Under your rent
21
$449,900
1530 Marina Way
Nanoose Bay · Vacant Land
~$2,132/mo
Listed by Royal LePage Island Living (PK)MLS® 1050159
Under your rent
19
$509,000
Lot 31 Rockhampton Road
Nanoose Bay · Vacant Land
~$2,413/mo
Listed by Engel & Volkers Vancouver Island NorthMLS® 1050095
Under your rent
19
$374,900
Lot 51 Dolphin Drive
Nanoose Bay · Vacant Land
~$1,777/mo
Listed by Macdonald Realty (Pkvl)MLS® 1031473
Under your rent
27
$479,000
$526/sqft
1 bd · 1 ba · 910 sqft
#404, 3555 Outrigger Road
Nanoose Bay · Single Family
~$2,270/mo
Listed by Royal LePage Island Living (PK)MLS® 1047028
Under your rent
11
$499,000
Lot B Garry Oak Drive
Nanoose Bay · Vacant Land
~$2,365/mo
Listed by LandQuest Realty Corp. (Interior)MLS® 1020675
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 Nanoose Bay
Listings and market data for Nanoose Bay.
Nearby cities
Compare Nanoose Bay 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.