Rent vs own

$3,500 a month in rent buys a $738,000 home in North Vancouver

At a 5.19% posted rate, 20% down and 25 years. 201 North Vancouver homes are listed at or under it.

Purchase price: $738,000
Down payment: $148,000
All-in monthly: $4,096/mo
Homes listed: 201

Source: Current MLS® listings.

Your rent

Monthly rent

a month

The price your rent could cover

$738,000

20% down assumed ($148,000). 201 homes listed at or under it in North Vancouver.

Of the first payment, about $975 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $612,000.

See these homes

Rate %

Down %

Years

Purchase price: $738,000
Down payment: $148,000
All-in monthly: $4,096/mo
Homes listed: 201

Source: Current MLS® listings.

North Vancouver homes your $3,500 rent could own

201 active listings

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Under your rent

$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

Under your rent

$588,000

$862/sqft

1 bd · 1 ba · 682 sqft

#263, 1100 29th Street

North Vancouver · Apartment/Condo

~$2,787/mo

Listed by Royal Pacific Realty (Kingsway) Ltd.MLS® R3155409

Under your rent

$674,999

$885/sqft

1 bd · 1 ba · 763 sqft

#205, 175 1st Street

North Vancouver · Apartment/Condo

~$3,199/mo

Listed by The Agency VancouverMLS® R3152326

Under your rent

$658,000

$537/sqft

3 bd · 1 ba · 1,225 sqft

#89, 1052 Premier Street

North Vancouver · Apartment/Condo

~$3,119/mo

Listed by Panda Luxury HomesMLS® R3121317

Under your rent

$530,000

$696/sqft

2 bd · 1 ba · 762 sqft

#201, 225 3rd Street

North Vancouver · Apartment/Condo

~$2,512/mo

Listed by eXp RealtyMLS® R3170325

Under your rent

$540,000

$699/sqft

2 bd · 1 ba · 772 sqft

#1205, 2004 Fullerton Avenue

North Vancouver · Apartment/Condo

~$2,559/mo

Listed by Royal Pacific Lions Gate Realty Ltd.MLS® R3149493

Under your rent

$549,800

$804/sqft

1 bd · 1 ba · 684 sqft

#363, 1100 29th Street

North Vancouver · Apartment/Condo

~$2,606/mo

Listed by Oakwyn Realty Ltd.MLS® R3162290

Under your rent

$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

$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

$729,000

$713/sqft

2 bd · 2 ba · 1,022 sqft

#201, 127 4th Street

North Vancouver · Apartment/Condo

~$3,455/mo

Listed by Rennie & Associates Realty - Jason SoprovichMLS® R3174206

Under your rent

$625,000

$742/sqft

2 bd · 2 ba · 842 sqft

#103, 3625 Windcrest Drive

North Vancouver · Apartment/Condo

~$2,962/mo

Listed by Stilhavn Real Estate ServicesMLS® R3153802

Under your rent

$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

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 201 in North Vancouver on the map

The math

How $3,500/mo of rent becomes a purchase price
Rent you pay	$3,500/mo
Interest rate	5.19%
Amortization	25 years
Down payment (20%)	$148,000
Mortgage supported	$590,000
Purchase price	$738,000
Tax, strata and insurance	$596/mo
All-in monthly	$4,096/mo

Assumptions

Rate: 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
Amortization: 25 years
Down payment: 20% ($148,000 on $738,000)
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 $738,000, at a 5.19% posted rate with 20% down over 25 years. With tax, strata and insurance in the same budget, about $613,000.

$148,000, or 20% of $738,000.

The mortgage payment is. Tax, strata and insurance add about $596/mo, for $4,096 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.

$3,500 a month in rent buys a $738,000 home in North Vancouver

North Vancouver homes your $3,500 rent could own

The math

Assumptions

Questions

01What can $3,500 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

$3,500 a month in rent buys a $738,000 home in North Vancouver

North Vancouver homes your $3,500 rent could own

The math

Assumptions

Questions

01What can $3,500 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