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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/Powell River/$1,500/mo

Rent vs mortgage

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

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 $193,000. Here are the 32 Powell River homes on the market at or under it right now.

Purchase price

$316,000

Down payment

$63,000

All-in monthly

$2,083/mo

Matching homes

32

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

32 Powell River 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$583/mo
All-in monthly$2,083/mo

Powell River homes your $1,500 rent could own

Powell River
Under your rent
15

$199,000

~$943/mo

i

Powell River

Powell River · Residential

2 bd

1 ba

1,210 sqft

$164/sqft

Built 1974

MLS® 19934

View

RE/MAX POWELL RIVER

Powell River
Under your rent
22

$184,900

~$876/mo

i

Powell River

Powell River · Residential

1 bd

1 ba

730 sqft

$253/sqft

Built 2019

MLS® 19526

View

RE/MAX POWELL RIVER

Powell River
Under your rent
23

$155,000

~$735/mo

i

Powell River

Powell River · Residential

2 bd

1 ba

842 sqft

$184/sqft

Built 1968

MLS® 20135

View

ROYAL LEPAGE POWELL RIVER

Powell River
Under your rent
6

$314,500

~$1,491/mo

i

Powell River

Powell River · Residential

2 bd

2 ba

1,173 sqft

$268/sqft

Built 1996

MLS® 19570

View

RE/MAX POWELL RIVER

Powell River
Under your rent
11

$246,000

~$1,166/mo

i

Powell River

Powell River · Residential

2 bd

1 ba

869 sqft

$283/sqft

Built 1995

MLS® 19609

View

RE/MAX POWELL RIVER

Powell River
Under your rent
19

$244,000

~$1,156/mo

i

Powell River

Powell River · Residential

3 bd

2 ba

1,165 sqft

$209/sqft

Built 1980

MLS® 19696

View

ROYAL LEPAGE POWELL RIVER

Powell River
Under your rent
27

$185,000

~$877/mo

i

Powell River

Powell River · Residential

2 bd

1 ba

720 sqft

$257/sqft

Built 1971

MLS® 20044

View

ROYAL LEPAGE POWELL RIVER

Powell River
Under your rent
28

$179,900

~$853/mo

i

Powell River

Powell River · Residential

2 bd

1 ba

1,043 sqft

$172/sqft

Built 1993

MLS® 19890

View

ROYAL LEPAGE POWELL RIVER

Powell River
Under your rent
15

$149,900

~$710/mo

i

Powell River

Powell River · Residential

2 bd

1 ba

720 sqft

$208/sqft

Built 1973

MLS® 20108

View

ROYAL LEPAGE POWELL RIVER

Powell River
Under your rent
6

$168,000

~$796/mo

i

Powell River

Powell River · Land

0 bd

0 ba

0 sqft

MLS® 19937

View

460 REALTY POWELL RIVER

Powell River
Under your rent
11

$299,000

~$1,417/mo

i

Powell River

Powell River · Land

0 bd

0 ba

0 sqft

MLS® 20087

View

RE/MAX POWELL RIVER

Powell River
Under your rent
6

$199,000

~$943/mo

i

Powell River

Powell River · Land

0 bd

0 ba

0 sqft

MLS® 20082

View

RE/MAX POWELL RIVER

See all on the map (32 active listings)

Other rents in Powell River

$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 7.61 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 Powell River?

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 $193,000.

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 $583/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,083.

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 Powell River$2,000/mo in Powell River$2,200/mo in Powell River$2,500/mo in Powell River$3,000/mo in Powell River$3,500/mo in Powell River$4,000/mo in Powell RiverAll rent bands in Powell RiverPowell River 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.