Rent vs own

$2,000 a month in rent buys a $422,000 home in North Vancouver

At a 5.19% posted rate, 20% down and 25 years. 19 North Vancouver homes are listed at or under it.

Purchase price: $422,000
Down payment: $84,000
All-in monthly: $2,504/mo
Homes listed: 19

Source: Current MLS® listings.

Your rent

Monthly rent

a month

The price your rent could cover

$422,000

20% down assumed ($84,000). 19 homes listed at or under it in North Vancouver.

Of the first payment, about $554 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $315,000.

See these homes

Rate %

Down %

Years

Purchase price: $422,000
Down payment: $84,000
All-in monthly: $2,504/mo
Homes listed: 19

Source: Current MLS® listings.

North Vancouver homes your $2,000 rent could own

19 active listings

Open these North Vancouver homes on the map

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Under your rent

$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

$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

$418,888

$710/sqft

1 bd · 1 ba · 590 sqft

#210, 270 1st Street

North Vancouver · Apartment/Condo

~$1,985/mo

Listed by RE/MAX Crest RealtyMLS® R3172421

Under your rent

$399,800

$531/sqft

1 bd · 1 ba · 753 sqft

#901, 2020 Fullerton Avenue

North Vancouver · Apartment/Condo

~$1,895/mo

Listed by Royal LePage Sterling RealtyMLS® R3167740

Under your rent

$379,000

$642/sqft

1 bd · 1 ba · 590 sqft

#802, 2008 Fullerton Avenue

North Vancouver · Apartment/Condo

~$1,796/mo

Listed by Royal LePage SussexMLS® R3172954

Under your rent

$379,000

$589/sqft

1 bd · 1 ba · 643 sqft

#202, 2012 Fullerton Avenue

North Vancouver · Apartment/Condo

~$1,796/mo

Listed by RE/MAX Crest RealtyMLS® R3170950

Under your rent

$365,000

$463/sqft

1 bd · 1 ba · 789 sqft

#702, 2024 Fullerton Avenue

North Vancouver · Apartment/Condo

~$1,730/mo

Listed by Oakwyn Realty Ltd.MLS® R3139207

Under your rent

$399,000

$446/sqft

2 bd · 1 ba · 895 sqft

#1, 1420 Chesterfield Avenue

North Vancouver · Apartment/Condo

~$1,891/mo

Listed by RE/MAX Crest RealtyMLS® R3169643

Under your rent

$399,000

$627/sqft

1 bd · 1 ba · 636 sqft

#11, 140 20 Street

North Vancouver · Apartment/Condo

~$1,891/mo

Listed by Century 21 In Town RealtyMLS® R3138328

Under your rent

$375,000

$566/sqft

1 bd · 1 ba · 663 sqft

#519, 2012 Fullerton Avenue

North Vancouver · Apartment/Condo

~$1,777/mo

Listed by 88West RealtyMLS® R3163358

Under your rent

$399,999

$559/sqft

1 bd · 1 ba · 716 sqft

#203, 107 27th Street

North Vancouver · Apartment/Condo

~$1,896/mo

Listed by Sutton Group-West Coast RealtyMLS® R3149860

Under your rent

$199,000

$415/sqft

1 bd · 1 ba · 480 sqft

A07 – 415 Esplanade

North Vancouver · Single Family Residence

~$943/mo

Listed by Royal LePage WestsideMLS® R3155380

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).

See all 19 in North Vancouver on the map

The math

How $2,000/mo of rent becomes a purchase price
Rent you pay	$2,000/mo
Interest rate	5.19%
Amortization	25 years
Down payment (20%)	$84,000
Mortgage supported	$338,000
Purchase price	$422,000
Tax, strata and insurance	$504/mo
All-in monthly	$2,504/mo

Assumptions

Rate: 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
Amortization: 25 years
Down payment: 20% ($84,000 on $422,000)
Property tax: 3.48 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.

Questions

About $422,000, at a 5.19% posted rate with 20% down over 25 years. With tax, strata and insurance in the same budget, about $316,000.

$84,000, or 20% of $422,000.

The mortgage payment is. Tax, strata and insurance add about $504/mo, for $2,504 in total.

Other rents in North Vancouver

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®.

CorrectionsReport a correction

A mortgage broker can confirm what you qualify for.

$2,000 a month in rent buys a $422,000 home in North Vancouver

North Vancouver homes your $2,000 rent could own

The math

Assumptions

Questions

01What can $2,000 a month in rent buy in North Vancouver?

02How much is the down payment?

03Is the mortgage really the same as the rent?

Other rents in North Vancouver

$2,000 a month in rent buys a $422,000 home in North Vancouver

North Vancouver homes your $2,000 rent could own

The math

Assumptions

Questions

01What can $2,000 a month in rent buy in North Vancouver?

02How much is the down payment?

03Is the mortgage really the same as the rent?

Other rents in North Vancouver