Under your rent
52
$315,000
$234/sqft
3 bd · 2 ba · 1,344 sqft
#3, 8487 97 Highway
Oliver · Single Family
~$1,493/mo
Listed by Royal LePage South CountryMLS® 10397953
Rent vs own
What your rent could own in Oliver.
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
- $735,000
- Homes at or under it
- 58
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 58 homes listed at or under it in Oliver.
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
- $735,000
- Homes at or under it
- 58
Source: Current MLS® listings.
What each rent buys
In Oliver, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $208,000 under Oliver's $735,000 median home price. 58 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Oliver homes around a $2,500 rent
58 active listings
Under your rent
48
$284,900
$286/sqft
2 bd · 1 ba · 995 sqft
#10, 529 Co-Op Avenue
Oliver · Single Family
~$1,350/mo
Listed by Royal LePage South CountryMLS® 10403077
Under your rent
26
$199,000
$306/sqft
1 bd · 1 ba · 650 sqft
#17, 2501 Radio Tower Road
Oliver · Single Family
~$943/mo
Listed by Chamberlain Property GroupMLS® 10402963
Under your rent
58
$189,000
$283/sqft
1 bd · 1 ba · 667 sqft
#325, 650 MCKINNEY Road
Oliver · Single Family
~$896/mo
Listed by Century 21 Amos RealtyMLS® 10402955
Under your rent
65
$269,900
$234/sqft
2 bd · 1 ba · 1,152 sqft
#67, 8487 Highway 97 Highway
Oliver · Single Family
~$1,279/mo
Listed by Royal LePage South CountryMLS® 10402864
Under your rent
21
$460,000
$436/sqft
3 bd · 2 ba · 1,056 sqft
5952 Okanagan Street
Oliver · Single Family
~$2,180/mo
Listed by Royal LePage South CountryMLS® 10400078
Under your rent
49
$194,500
$149/sqft
2 bd · 2 ba · 1,305 sqft
#34, 6778 TUCELNUIT Drive
Oliver · Single Family
~$922/mo
Listed by RE/MAX Wine Capital RealtyMLS® 10397213
Under your rent
15
$339,900
$288/sqft
2 bd · 1 ba · 1,181 sqft
7561 Highway 97 Other
Oliver · Single Family
~$1,611/mo
Listed by Laboutique Realty (Kelowna)MLS® 10396173
Under your rent
21
$224,900
$197/sqft
2 bd · 2 ba · 1,144 sqft
#49, 8487 Highway 97 Other
Oliver · Single Family
~$1,066/mo
Listed by RE/MAX Wine Capital RealtyMLS® 10379855
Under your rent
29
$325,000
$342/sqft
2 bd · 2 ba · 949 sqft
#105A, 921 Spillway Road
Oliver · Single Family
~$1,540/mo
Listed by Royal LePage South CountryMLS® 10367608
Under your rent
54
$235,000
$241/sqft
2 bd · 1 ba · 976 sqft
#111, 337 MCKINNEY Road
Oliver · Single Family
~$1,114/mo
Listed by Century 21 Amos RealtyMLS® 10402274
Under your rent
46
$489,900
$417/sqft
2 bd · 2 ba · 1,175 sqft
#14, 6446 MEADOWS Drive
Oliver · Single Family
~$2,322/mo
Listed by RE/MAX Wine Capital RealtyMLS® 10401349
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 Oliver
Listings and market data for Oliver.
Nearby cities
Compare Oliver 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.