Skip to content
Relta
Sign in

Rent vs own

What your rent could own in Port Coquitlam.

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
$900,000
Homes at or under it
61

Source: Current MLS® listings.

Your rent

$

a month

The price your rent could cover

$527,000

20% down assumed ($105,000). 61 homes listed at or under it in Port Coquitlam.

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.

See these homes
A $2,500 rent carries
$527,000
Median asking
$900,000
Homes at or under it
61

Source: Current MLS® listings.

What each rent buys

In Port Coquitlam, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $373,000 under Port Coquitlam's $900,000 median home price. 61 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.

What each rent buys in Port Coquitlam
Monthly rentHome price it carriesHomes listed
$1,500/mo$316,0001
$1,800/mo$380,0006
$2,000/mo$422,00010
$2,200/mo$464,00025
$2,500/mo$527,00061
$3,000/mo$633,000120
$3,500/mo$738,000154
$4,000/mo$844,000177

Port Coquitlam homes around a $2,500 rent

61 active listings

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 $2,500/mo matches

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 Port Coquitlam

Listings and market data for Port Coquitlam.

Port Coquitlam homes for sale

Narrow Port Coquitlam homes by feature

Port Coquitlam market report

Presales and new construction in Port Coquitlam

New listings in Port Coquitlam

Neighbourhoods in Port Coquitlam

Narrow your search to a specific Port Coquitlam neighbourhood.

Port Coquitlam

Nearby cities

Compare Port Coquitlam with other markets in the region.

Rent vs mortgage in Surrey

Rent vs mortgage in Vancouver

Rent vs mortgage in Richmond

Rent vs mortgage in Langley

Rent vs mortgage in Burnaby

Rent vs mortgage in Coquitlam

Related pages

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.