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
Royal LePage South Country
Rent vs mortgage
$2,200 a month in rent buys a $464,000 home in Oliver
That is what a 2200-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 $343,000. Here are the 44 Oliver homes on the market at or under it right now.
Purchase price
$464,000
Down payment
$93,000
All-in monthly
$2,774/mo
Matching homes
44
Oliver homes your $2,200 rent could own
Under your rent
37
$450,000
~$2,133/mo
i172 McGowan Road
Oliver · Residential
3 bd
2 ba
1,306 sqft
$345/sqft
Built 1974
MLS® 10397323
Chamberlain Property Group
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
Royal LePage South Country
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
Royal LePage South Country
Under your rent
41
$450,000
~$2,133/mo
i15 Falcon Drive
Oliver · Residential
3 bd
2 ba
1,134 sqft
$397/sqft
Built 2008
MLS® 10397935
Royal LePage South Country
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
RE/MAX Realty Solutions
Under your rent
51
$385,000
~$1,825/mo
i#18 – 115 REDWING Place
Oliver · Residential
2 bd
2 ba
1,044 sqft
$369/sqft
Built 1994
MLS® 10376724
RE/MAX Wine Capital Realty
Under your rent
50
$369,500
~$1,751/mo
i#8 – 6514 MEADOWS Drive
Oliver · Residential
2 bd
2 ba
1,380 sqft
$268/sqft
Built 1994
MLS® 10392396
RE/MAX Wine Capital Realty
Under your rent
45
$349,900
~$1,658/mo
i#4 – 6514 Meadows Drive
Oliver · Residential
2 bd
2 ba
1,302 sqft
$269/sqft
Built 1994
MLS® 10381174
RE/MAX Wine Capital Realty
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
Royal LePage South Country
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
Oakwyn Realty Ltd.
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
Royal LePage South Country
See all on the map (44 active listings)
Other rents in Oliver
$1,500/mo · $1,800/mo · $2,000/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 $2,200 a month in rent buy in Oliver?
At a 5.19% rate with 20% down over 25 years, $2,200/mo carries the mortgage on a home priced around $464,000. Covering tax, strata and insurance inside the same budget, the matching price is about $343,000.
How much do I need for a down payment?
On a $464,000 home at 20% down, the down payment is $93,000. 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 $574/mo in tax, strata and insurance, so the honest all-in monthly on a $464,000 home is closer to $2,774.
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.
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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.