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Ray Rasouli is a licensed REALTOR® with the Greater Vancouver board, providing clarity-first guidance for buyers and sellers. No pressure, no hype.

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Ray Rasouli, REALTOR® · Real Broker B.C. Ltd.
500-666 Burrard Street, Vancouver, BC V6C 3P6
+1 (778) 910-6917 · ray@relta.ca
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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/North Vancouver/$2,000/mo

Rent vs mortgage

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

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 $318,000. Here are the 18 North Vancouver homes on the market at or under it right now.

Purchase price

$422,000

Down payment

$84,000

All-in monthly

$2,495/mo

Matching homes

18

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $2,000/mo owns a home worth about

$422,000

18 North Vancouver homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $315,000.

Rate %
Down %
Amort. yrs
Email *
How $2,000/mo of rent becomes a purchase price
Rent you pay$2,000/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$84,000
Mortgage supported$338,000
Purchase price$422,000
Tax, strata & insurance$495/mo
All-in monthly$2,495/mo

North Vancouver homes your $2,000 rent could own

#302 – 214 15TH Street
Under your rent
31

$369,000

~$1,749/mo

i

#302 – 214 15TH Street

North Vancouver · Residential

1 bd

1 ba

643 sqft

$574/sqft

Built 1969

MLS® R3155504

View

Oakwyn Realty Ltd.

#519 – 2012 Fullerton Avenue
Under your rent
33

$399,000

~$1,891/mo

i

#519 – 2012 Fullerton Avenue

North Vancouver · Residential

1 bd

1 ba

663 sqft

$602/sqft

Built 1977

MLS® R3153275

View

88West Realty

#104 – 135 21st Street
Under your rent
22

$400,000

~$1,896/mo

i

#104 – 135 21st Street

North Vancouver · Residential

1 bd

1 ba

639 sqft

$626/sqft

Built 1979

MLS® R3121417

View

Royal LePage Sussex

#809 – 2020 Fullerton Avenue
Newly Listed
Under your rent
18

$410,000

~$1,943/mo

i

#809 – 2020 Fullerton Avenue

North Vancouver · Residential

1 bd

1 ba

751 sqft

$546/sqft

Built 1975

MLS® R3156638

View

Insta Group Realty

A07 – 415 Esplanade
Newly Listed
Under your rent
6

$199,000

~$943/mo

i

A07 – 415 Esplanade

North Vancouver · Residential

1 bd

1 ba

480 sqft

$415/sqft

Built 1979

MLS® R3155380

View

Royal LePage Westside

#315 – 155 5TH Street
Under your rent
21

$369,000

~$1,749/mo

i

#315 – 155 5TH Street

North Vancouver · Residential

1 bd

1 ba

708 sqft

$521/sqft

Built 1970

MLS® R3098747

View

Macdonald Realty

#11 – 140 20 Street
Under your rent
11

$409,900

~$1,943/mo

i

#11 – 140 20 Street

North Vancouver · Residential

1 bd

1 ba

636 sqft

$644/sqft

Built 1971

MLS® R3138328

View

Century 21 In Town Realty

#702 – 2024 Fullerton Avenue
Under your rent
23

$365,000

~$1,730/mo

i

#702 – 2024 Fullerton Avenue

North Vancouver · Residential

1 bd

1 ba

789 sqft

$463/sqft

Built 1975

MLS® R3139207

View

Oakwyn Realty Ltd.

#201 – 225 3rd Street
Under your rent
40

$399,999

~$1,896/mo

i

#201 – 225 3rd Street

North Vancouver · Residential

1 bd

1 ba

762 sqft

$525/sqft

Built 1974

MLS® R3149618

View

Royal LePage Sussex

#203 – 107 27th Street
Under your rent
26

$419,900

~$1,990/mo

i

#203 – 107 27th Street

North Vancouver · Residential

1 bd

1 ba

716 sqft

$586/sqft

Built 1978

MLS® R3149860

View

Sutton Group-West Coast Realty

#1118 – 2012 Fullerton Avenue
Under your rent
28

$410,000

~$1,943/mo

i

#1118 – 2012 Fullerton Avenue

North Vancouver · Residential

1 bd

1 ba

643 sqft

$638/sqft

Built 1977

MLS® R3144085

View

Royal LePage Sussex

#315 – 310 3rd Street
Under your rent
18

$399,000

~$1,891/mo

i

#315 – 310 3rd Street

North Vancouver · Residential

1 bd

1 ba

673 sqft

$593/sqft

Built 1974

MLS® R3144974

View

Oakwyn Realty Encore

See all on the map (18 active listings)

Other rents in North Vancouver

$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 3.22 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 North Vancouver?

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 $318,000.

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 $495/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,495.

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 North Vancouver$1,800/mo in North Vancouver$2,200/mo in North Vancouver$2,500/mo in North Vancouver$3,000/mo in North Vancouver$3,500/mo in North Vancouver$4,000/mo in North VancouverAll rent bands in North VancouverNorth Vancouver 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.