Under your rent
21
$338,000
~$1,602/mo
i#308 – 55 Blackberry Drive
New Westminster · Residential
1 bd
1 ba
632 sqft
$535/sqft
Built 1994
MLS® R3150729
RE/MAX All Points Realty
Rent vs mortgage
$2,000 a month in rent buys a $422,000 home in New Westminster
That is what a 2000-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 $309,000. Here are the 56 New Westminster homes on the market at or under it right now.
Purchase price
$422,000
Down payment
$84,000
All-in monthly
$2,535/mo
Matching homes
56
New Westminster homes your $2,000 rent could own
Under your rent
20
$380,000
~$1,801/mo
i#404 – 320 Royal Avenue
New Westminster · Residential
1 bd
1 ba
664 sqft
$572/sqft
Built 1975
MLS® R3146693
RE/MAX All Points Realty
Under your rent
29
$369,900
~$1,753/mo
i#310 – 316 Cedar Street
New Westminster · Residential
2 bd
1 ba
856 sqft
$432/sqft
Built 1976
MLS® R3119489
RE/MAX All Points Realty
Under your rent
27
$393,900
~$1,867/mo
i#310 – 428 AGNES Street
New Westminster · Residential
1 bd
1 ba
658 sqft
$599/sqft
Built 1978
MLS® R3157121
Team 3000 Realty Ltd.
Under your rent
40
$398,000
~$1,886/mo
i#206 – 710 SEVENTH Avenue
New Westminster · Residential
1 bd
1 ba
720 sqft
$553/sqft
Built 1976
MLS® R3149098
Royal LePage Westside
Under your rent
22
$298,000
~$1,412/mo
i#301 – 215 MOWAT Street
New Westminster · Residential
1 bd
1 ba
602 sqft
$495/sqft
Built 1977
MLS® R3138501
Royal Pacific Realty Corp.
Under your rent
27
$399,000
~$1,891/mo
i#807 – 838 Agnes Street
New Westminster · Residential
1 bd
1 ba
546 sqft
$731/sqft
Built 1993
MLS® R3149787
Sotheby's International Realty Canada
Under your rent
35
$289,900
~$1,374/mo
i#804 – 1026 Queens Avenue
New Westminster · Residential
1 bd
1 ba
637 sqft
$455/sqft
Built 1984
MLS® R3138452
Pathway Executives Realty Inc.
Under your rent
37
$295,000
~$1,398/mo
i#704 – 1026 Queens Avenue
New Westminster · Residential
1 bd
1 ba
643 sqft
$459/sqft
Built 1985
MLS® R3118916
RE/MAX All Points Realty
Under your rent
22
$351,000
~$1,664/mo
i#213 – 436 SEVENTH Street
New Westminster · Residential
1 bd
1 ba
617 sqft
$569/sqft
Built 1977
MLS® R3157551
Macdonald Realty Westmar
Under your rent
26
$419,900
~$1,990/mo
i#101 – 611 BLACKFORD Street
New Westminster · Residential
2 bd
1 ba
888 sqft
$473/sqft
Built 1964
MLS® R3133965
Oakwyn Realty Encore
Under your rent
25
$409,000
~$1,939/mo
i#807 – 618 Carnarvon Street
New Westminster · Residential
0 bd
1 ba
467 sqft
$876/sqft
Built 2024
MLS® R3135854
Sutton Group - 1st West Realty
See all on the map (56 active listings)
Other rents in New Westminster
$1,500/mo · $1,800/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 4.36 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 $2,000 a month in rent buy in New Westminster?
At a 5.19% rate with 20% down over 25 years, $2,000/mo carries the mortgage on a home priced around $422,000. Covering tax, strata and insurance inside the same budget, the matching price is about $309,000.
How much do I need for a down payment?
On a $422,000 home at 20% down, the down payment is $84,000. 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 $535/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,535.
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.