Under your rent
30
$499,900
$736/sqft
1 bd · 1 ba · 679 sqft
#307, 252 2nd Street
North Vancouver · Apartment/Condo
~$2,369/mo
Listed by Engel & Volkers VancouverMLS® R3173438
Rent vs own
What your rent could own in North Vancouver.
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
- $1,298,000
- Homes at or under it
- 60
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 60 homes listed at or under it in North Vancouver.
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
- $1,298,000
- Homes at or under it
- 60
Source: Current MLS® listings.
What each rent buys
In North Vancouver, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $771,000 under North Vancouver's $1,298,000 median home price. 60 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
North Vancouver homes around a $2,500 rent
60 active listings
Under your rent
27
$450,000
$583/sqft
1 bd · 1 ba · 772 sqft
#307, 2710 Lonsdale Avenue
North Vancouver · Apartment/Condo
~$2,133/mo
Listed by Oakwyn Realty Ltd.MLS® R3152149
Under your rent
19
$465,000
$735/sqft
1 bd · 1 ba · 633 sqft
#303, 150 15th Street
North Vancouver · Apartment/Condo
~$2,204/mo
Listed by Royal LePage SussexMLS® R3174209
Under your rent
27
$508,900
$685/sqft
1 bd · 1 ba · 743 sqft
#203, 270 3rd Street
North Vancouver · Apartment/Condo
~$2,412/mo
Listed by Macdonald RealtyMLS® R3163553
Under your rent
30
$525,000
$664/sqft
1 bd · 1 ba · 791 sqft
#905, 2024 Fullerton Avenue
North Vancouver · Apartment/Condo
~$2,488/mo
Listed by Royal LePage SussexMLS® R3165444
Under your rent
18
$495,000
$802/sqft
1 bd · 1 ba · 617 sqft
#304, 827 16th Street
North Vancouver · Apartment/Condo
~$2,346/mo
Listed by Rennie & Associates Realty Ltd.MLS® R3163205
Under your rent
30
$418,000
$545/sqft
1 bd · 1 ba · 767 sqft
#604, 2016 Fullerton Avenue
North Vancouver · Apartment/Condo
~$1,981/mo
Listed by Oakwyn Realty Ltd.MLS® R3173330
Under your rent
24
$488,000
$771/sqft
1 bd · 1 ba · 633 sqft
#422, 3629 Deercrest Drive
North Vancouver · Apartment/Condo
~$2,313/mo
Listed by Engel & Volkers VancouverMLS® R3141891
Under your rent
20
$375,000
$612/sqft
1 bd · 1 ba · 613 sqft
#510, 2008 Fullerton Avenue
North Vancouver · Apartment/Condo
~$1,777/mo
Listed by Royal LePage SussexMLS® R3097519
Under your rent
27
$508,000
$810/sqft
1 bd · 1 ba · 627 sqft
#107, 360 2nd Street
North Vancouver · Apartment/Condo
~$2,408/mo
Listed by RE/MAX Masters RealtyMLS® R3167955
Under your rent
28
$469,900
$713/sqft
1 bd · 1 ba · 659 sqft
#205, 252 2nd Street
North Vancouver · Apartment/Condo
~$2,227/mo
Listed by Macdonald RealtyMLS® R3173463
Under your rent
21
$472,500
$697/sqft
1 bd · 1 ba · 678 sqft
#206, 250 1st Street
North Vancouver · Apartment/Condo
~$2,240/mo
Listed by Royal LePage SussexMLS® R3152187
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 North Vancouver
Listings and market data for North Vancouver.
Neighbourhoods in North Vancouver
Narrow your search to a specific North Vancouver neighbourhood.
Nearby cities
Compare North Vancouver 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.