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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/Oliver/$1,500/mo

Rent vs mortgage

$1,500 a month in rent buys a $316,000 home in Oliver

That is what a 1500-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 $208,000. Here are the 22 Oliver homes on the market at or under it right now.

Purchase price

$316,000

Down payment

$63,000

All-in monthly

$2,013/mo

Matching homes

22

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $1,500/mo owns a home worth about

$316,000

22 Oliver homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $216,000.

Rate %
Down %
Amort. yrs
Email *
How $1,500/mo of rent becomes a purchase price
Rent you pay$1,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$63,000
Mortgage supported$253,000
Purchase price$316,000
Tax, strata & insurance$513/mo
All-in monthly$2,013/mo

Oliver homes your $1,500 rent could own

#211 – 337 MCKINNEY Road
Under your rent
27

$269,000

~$1,275/mo

i

#211 – 337 MCKINNEY Road

Oliver · Residential

2 bd

2 ba

972 sqft

$277/sqft

Built 1987

MLS® 10382757

View

Royal LePage South Country

#5 – 6633 Park Drive
Under your rent
34

$140,000

~$664/mo

i

#5 – 6633 Park Drive

Oliver · Residential

2 bd

1 ba

992 sqft

$141/sqft

Built 1973

MLS® 10392858

View

Royal LePage South Country

#41 – 6601 Tucelnuit Drive
Under your rent
28

$149,000

~$706/mo

i

#41 – 6601 Tucelnuit Drive

Oliver · Residential

2 bd

1 ba

960 sqft

$155/sqft

Built 1976

MLS® 10396683

View

Royal LePage South Country

#47 – 6778 TUCELNUIT Drive
Under your rent
21

$314,900

~$1,493/mo

i

#47 – 6778 TUCELNUIT Drive

Oliver · Residential

3 bd

2 ba

1,456 sqft

$216/sqft

Built 1993

MLS® 10390168

View

RE/MAX Realty Solutions

#3 – 8487 97 Highway
Under your rent
52

$315,000

~$1,493/mo

i

#3 – 8487 97 Highway

Oliver · Residential

3 bd

2 ba

1,344 sqft

$234/sqft

Built 1977

MLS® 10397953

View

Royal LePage South Country

#11 – 6370 Park Drive
Under your rent
34

$309,900

~$1,469/mo

i

#11 – 6370 Park Drive

Oliver · Residential

2 bd

2 ba

1,126 sqft

$275/sqft

Built 1986

MLS® 10381806

View

Oakwyn Realty Ltd.

#30 – 6601 TUCELNUIT Drive
Under your rent
37

$210,000

~$995/mo

i

#30 – 6601 TUCELNUIT Drive

Oliver · Residential

2 bd

2 ba

1,390 sqft

$151/sqft

Built 1978

MLS® 10385093

View

Royal LePage South Country

6974 Chardonnay Place
Under your rent
3

$280,000

~$1,327/mo

i

6974 Chardonnay Place

Oliver · Land

MLS® 10380337

View

Century 21 Amos Realty

#17 – 340 McKinney Road
Under your rent
20

$245,900

~$1,166/mo

i

#17 – 340 McKinney Road

Oliver · Residential

2 bd

1 ba

1,016 sqft

$242/sqft

Built 1986

MLS® 10381510

View

PG Direct Realty

#111 – 337 MCKINNEY Road
Under your rent
43

$235,000

~$1,114/mo

i

#111 – 337 MCKINNEY Road

Oliver · Residential

2 bd

1 ba

976 sqft

$241/sqft

Built 1987

MLS® 10395673

View

Century 21 Amos Realty

#34 – 6778 TUCELNUIT Drive
Under your rent
49

$199,500

~$946/mo

i

#34 – 6778 TUCELNUIT Drive

Oliver · Residential

2 bd

2 ba

1,305 sqft

$153/sqft

Built 1993

MLS® 10397213

View

RE/MAX Wine Capital Realty

#311 – 337 McKinney Road
Under your rent
15

$269,500

~$1,277/mo

i

#311 – 337 McKinney Road

Oliver · Residential

2 bd

2 ba

972 sqft

$277/sqft

Built 1987

MLS® 10395409

View

Real Broker B.C. Ltd

See all on the map (22 active listings)

Other rents in Oliver

$1,800/mo · $2,000/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 4.97 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 $1,500 a month in rent buy in Oliver?

At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $208,000.

How much do I need for a down payment?

On a $316,000 home at 20% down, the down payment is $63,000. 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 $513/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,013.

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.
$1,800/mo in Oliver$2,000/mo in Oliver$2,200/mo in Oliver$2,500/mo in Oliver$3,000/mo in Oliver$3,500/mo in Oliver$4,000/mo in OliverAll rent bands in OliverOliver 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.