Under your rent
35
$339,999
~$1,612/mo
i#407 – 3133 Tillicum Road
Saanich · Residential
2 bd
1 ba
834 sqft
$408/sqft
Built 1998
MLS® 1047286
Sutton Group West Coast Realty
Rent vs mortgage
$3,000 a month in rent buys a $633,000 home in Saanich
That is what a 3000-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 $497,000. Here are the 115 Saanich homes on the market at or under it right now.
Purchase price
$633,000
Down payment
$127,000
All-in monthly
$3,642/mo
Matching homes
115
Saanich homes your $3,000 rent could own
Under your rent
33
$499,900
~$2,369/mo
i#408 – 1005 McKenzie Avenue
Saanich · Residential
2 bd
1 ba
1,277 sqft
$391/sqft
Built 1975
MLS® 1041360
RE/MAX Camosun
Under your rent
28
$344,900
~$1,635/mo
i#509 – 69 Gorge Road
Saanich · Residential
1 bd
2 ba
906 sqft
$381/sqft
Built 1981
MLS® 1046460
RE/MAX Camosun
Under your rent
25
$499,900
~$2,369/mo
i#110 – 494 Marsett Place
Saanich · Residential
2 bd
2 ba
969 sqft
$516/sqft
Built 1994
MLS® 1044163
RE/MAX Camosun
Under your rent
Open House on Sat, 1pm–4pm
8
$344,900
~$1,635/mo
i#2201 – 4201 Tyndall Avenue
Saanich · Residential
0 bd
1 ba
396 sqft
$871/sqft
Built 2025
MLS® 1031322
Sutton Group West Coast Realty
Under your rent
Open House on Sat, 1pm–4pm
10
$379,900
~$1,801/mo
i#2304 – 4201 Tyndall Avenue
Saanich · Residential
0 bd
1 ba
382 sqft
$995/sqft
Built 2025
MLS® 1038812
Sutton Group West Coast Realty
Under your rent
Open House on Sat, 1pm–4pm
2
$599,900
~$2,843/mo
i#3-102 – 4201 Tyndall Avenue
Saanich · Residential
2 bd
1 ba
822 sqft
$730/sqft
Built 2025
MLS® 1003997
Sutton Group West Coast Realty
Under your rent
28
$409,900
~$1,943/mo
i#101 – 3724 Harriet Road
Saanich · Residential
1 bd
1 ba
855 sqft
$479/sqft
Built 1993
MLS® 1042715
Royal LePage Coast Capital - Chatterton
Under your rent
35
$624,999
~$2,962/mo
i#416 – 991 McKenzie Avenue
Saanich · Residential
1 bd
2 ba
902 sqft
$693/sqft
Built 2019
MLS® 1047223
Engel & Volkers Vancouver Island
Under your rent
31
$415,000
~$1,967/mo
i#118 – 1009 Mckenzie Avenue
Saanich · Residential
2 bd
2 ba
926 sqft
$448/sqft
Built 1975
MLS® 1038009
Royal LePage Coast Capital - Chatterton
Under your rent
20
$400,000
~$1,896/mo
i#204 – 799 Blackberry Road
Saanich · Residential
1 bd
1 ba
705 sqft
$567/sqft
Built 1999
MLS® 1042944
Royal LePage Coast Capital - Chatterton
Under your rent
30
$444,818
~$2,108/mo
i#302 – 108 Gorge Road
Saanich · Residential
2 bd
2 ba
908 sqft
$490/sqft
Built 1992
MLS® 1047174
RE/MAX Camosun
See all on the map (115 active listings)
Other rents in Saanich
$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/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 4.94 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 $3,000 a month in rent buy in Saanich?
At a 5.19% rate with 20% down over 25 years, $3,000/mo carries the mortgage on a home priced around $633,000. Covering tax, strata and insurance inside the same budget, the matching price is about $497,000.
How much do I need for a down payment?
On a $633,000 home at 20% down, the down payment is $127,000. 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 $642/mo in tax, strata and insurance, so the honest all-in monthly on a $633,000 home is closer to $3,642.
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.