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Relta Real Estate, by Ray Rasouli

Ray Rasouli is a licensed REALTOR® with the Greater Vancouver board, providing clarity-first guidance for buyers and sellers. No pressure, no hype.

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Ray Rasouli, REALTOR® · Real Broker B.C. Ltd.
500-666 Burrard Street, Vancouver, BC V6C 3P6
+1 (778) 910-6917 · ray@relta.ca
Relta Real Estate is a brand and software platform, not a brokerage. Real estate services are provided by Ray Rasouli, licensed with Real Broker B.C. Ltd.

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Home/Rent vs mortgage/Richmond

Rent vs mortgage

What could you buy in Richmond instead of renting?

In Richmond, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $492,000 under Richmond's $1,019,000 median home price, and 265 homes sit at or under it today. Enter your own rent to see what it changes to, from live MLS® inventory.

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $2,500/mo owns a home worth about

$527,000

265 Richmond homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $414,000.

Rate %
Down %
Amort. yrs
Email *

What each rent buys in Richmond

Your rent
$1,500/mo
Buys a home priced
$316,000
Homes on the market
36
Your rent
$1,800/mo
Buys a home priced
$380,000
Homes on the market
70
Your rent
$2,000/mo
Buys a home priced
$422,000
Homes on the market
106
Your rent
$2,200/mo
Buys a home priced
$464,000
Homes on the market
148
Your rent
$2,500/mo
Buys a home priced
$527,000
Homes on the market
265
Your rent
$3,000/mo
Buys a home priced
$633,000
Homes on the market
441
Your rent
$3,500/mo
Buys a home priced
$738,000
Homes on the market
625
Your rent
$4,000/mo
Buys a home priced
$844,000
Homes on the market
764
Your rentBuys a home pricedHomes on the market
$1,500/mo$316,00036
$1,800/mo$380,00070
$2,000/mo$422,000106
$2,200/mo$464,000148
$2,500/mo$527,000265
$3,000/mo$633,000441
$3,500/mo$738,000625
$4,000/mo$844,000764

Richmond homes around a $2,500 rent

#323 – 5600 ANDREWS Road
Under your rent
19

$488,000

~$2,313/mo

i

#323 – 5600 ANDREWS Road

Richmond · Residential

1 bd

1 ba

628 sqft

$777/sqft

Built 1998

MLS® R3122297

View

Dracco Pacific Realty

#211 – 8400 Lansdowne Road
New
Under your rent
21

$423,800

~$2,009/mo

i

#211 – 8400 Lansdowne Road

Richmond · Residential

2 bd

1 ba

928 sqft

$457/sqft

Built 1982

MLS® R3158228

View

RE/MAX Westcoast

#625 – 8133 Cook Road
Under your rent
Open House on Sun, 2pm–4pm
24

$420,000

~$1,991/mo

i

#625 – 8133 Cook Road

Richmond · Residential

1 bd

1 ba

425 sqft

$988/sqft

Built 2022

MLS® R3150584

View

Royal Pacific Realty Corp.

#324 – 7751 MINORU Boulevard
Under your rent
23

$421,800

~$1,999/mo

i

#324 – 7751 MINORU Boulevard

Richmond · Residential

1 bd

2 ba

673 sqft

$627/sqft

Built 1983

MLS® R3109177

View

Royal Pacific Realty Corp.

#230 – 8460 Ackroyd Road
Newly Listed
Under your rent
25

$415,000

~$1,967/mo

i

#230 – 8460 Ackroyd Road

Richmond · Residential

2 bd

1 ba

785 sqft

$529/sqft

Built 1982

MLS® R3156392

View

eXp Realty of Canada Inc.

#609 – 9180 HEMLOCK Drive
Under your rent
35

$488,000

~$2,313/mo

i

#609 – 9180 HEMLOCK Drive

Richmond · Residential

1 bd

1 ba

677 sqft

$721/sqft

Built 2006

MLS® R3157700

View

LeHomes Realty Premier

#121 – 5500 ARCADIA Road
Under your rent
21

$499,000

~$2,365/mo

i

#121 – 5500 ARCADIA Road

Richmond · Residential

2 bd

2 ba

1,041 sqft

$479/sqft

Built 1989

MLS® R3156032

View

RE/MAX Crest Realty

#1207 – 5593 NO. 3 Road
Under your rent
28

$499,000

~$2,365/mo

i

#1207 – 5593 NO. 3 Road

Richmond · Residential

1 bd

1 ba

516 sqft

$967/sqft

Built 2025

MLS® R3155112

View

Magsen Realty Inc.

#703 – 6631 MINORU Boulevard
Under your rent
20

$399,000

~$1,891/mo

i

#703 – 6631 MINORU Boulevard

Richmond · Residential

1 bd

1 ba

626 sqft

$637/sqft

Built 1974

MLS® R3153026

View

RE/MAX Crest Realty

#413 – 8120 Colonial Drive
Under your rent
17

$365,000

~$1,730/mo

i

#413 – 8120 Colonial Drive

Richmond · Residential

2 bd

1 ba

690 sqft

$529/sqft

Built 1977

MLS® R3121549

View

Interlink Realty

#117 – 5900 Dover Crescent
Newly Listed
Under your rent
Open House on Sun, 2pm–4pm
33

$517,000

~$2,450/mo

i

#117 – 5900 Dover Crescent

Richmond · Residential

1 bd

1 ba

707 sqft

$731/sqft

Built 1995

MLS® R3157618

View

RE/MAX Westcoast

#512 – 8100 Saba Road
Newly Listed
Under your rent
19

$499,000

~$2,365/mo

i

#512 – 8100 Saba Road

Richmond · Residential

1 bd

1 ba

673 sqft

$741/sqft

Built 2003

MLS® R3156388

View

RE/MAX City Realty

See all $2,500/mo matches (265 active listings)

Renting vs buying in Richmond: what actually changes

At $2,500/mo your payment would carry a $527,000 Richmond home against a $1,019,000 local median. Whether that beats renting comes down to four things, not just the monthly number.

Closing costs

Buying carries one-time costs renting does not: property transfer tax, legal fees and inspection. Budget for them before you compare monthly numbers.

Carrying costs

A mortgage payment is not the whole cost. Property tax, strata and insurance sit on top, which is why the all-in number matters more than the headline.

Equity

Each mortgage payment buys a little more of the home. Rent buys none of it, and that gap compounds over the years you would have rented.

Flexibility

Renting is easier to leave. Owning ties up your down payment and takes time and cost to unwind, so the break-even math only works if you stay put.

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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Nearby cities

Compare Richmond with other markets in the region.

Rent vs mortgage in Surrey

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Rent vs mortgage in Langley

Rent vs mortgage in Burnaby

Rent vs mortgage in Coquitlam

Rent vs mortgage in North Vancouver

Page methodology and sources are stated beside the figures. Content is reviewed by Ray Rasouli, REALTOR®, Real Broker B.C. Ltd.
Mortgage calculatorWhat can I afford?

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.