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
Royal Pacific Realty Corp.
Rent vs mortgage
$2,000 a month in rent buys a $422,000 home in Richmond
That is what a 2000-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 $318,000. Here are the 106 Richmond homes on the market at or under it right now.
Purchase price
$422,000
Down payment
$84,000
All-in monthly
$2,494/mo
Matching homes
106
Richmond homes your $2,000 rent could own
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
Royal Pacific Realty Corp.
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
eXp Realty of Canada Inc.
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
RE/MAX Crest Realty
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
Interlink Realty
Under your rent
13
$399,000
~$1,891/mo
i#201 – 8191 River Road
Richmond · Residential
3 bd
3 ba
1,375 sqft
$290/sqft
Built 1985
MLS® R3142213
Royal LePage Westside
Under your rent
32
$399,500
~$1,894/mo
i#209 – 10220 Ryan Road
Richmond · Residential
1 bd
1 ba
750 sqft
$533/sqft
Built 1976
MLS® R3142192
Macdonald Realty Westmar
Under your rent
12
$220,000
~$1,043/mo
i#306 – 7200 LINDSAY Road
Richmond · Residential
2 bd
1 ba
812 sqft
$271/sqft
Built 1975
MLS® R3156488
Vanhaus Gruppe Realty Inc.
Under your rent
15
$349,900
~$1,658/mo
i#322 – 8700 ACKROYD Road
Richmond · Residential
1 bd
1 ba
717 sqft
$488/sqft
Built 1982
MLS® R3150954
RE/MAX Westcoast
Under your rent
19
$389,000
~$1,844/mo
i#202 – 8700 ACKROYD Road
Richmond · Residential
1 bd
1 ba
714 sqft
$545/sqft
Built 1982
MLS® R3146861
Nu Stream Realty Inc.
Under your rent
19
$239,000
~$1,133/mo
i#267 – 8140 Williams Road
Richmond · Residential
2 bd
1 ba
870 sqft
$275/sqft
Built 1973
MLS® R3139873
Canpacific Realty Inc.
Under your rent
21
$399,900
~$1,895/mo
i#304 – 6611 ECKERSLEY Road
Richmond · Residential
1 bd
1 ba
579 sqft
$691/sqft
Built 2009
MLS® R3157998
Nu Stream Realty Inc.
See all on the map (106 active listings)
Other rents in Richmond
$1,500/mo · $1,800/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 3.19 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 $2,000 a month in rent buy in Richmond?
At a 5.19% rate with 20% down over 25 years, $2,000/mo carries the mortgage on a home priced around $422,000. Covering tax, strata and insurance inside the same budget, the matching price is about $318,000.
How much do I need for a down payment?
On a $422,000 home at 20% down, the down payment is $84,000. 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 $494/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,494.
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.