HOMES FOR SALESELL MY HOMEMARKET DATATOOLSACADEMYAbout

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.

Built for rational decisions, transparent process, and practical next steps.

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.

Start with the journey that fits your next move.

Find your deal

HOMES FOR SALE

Get my shortlistMortgage CalculatorHomes Scored on PriceWhat You Can AffordRent vs MortgageMortgage Pre-ApprovalCost of BuyingBC Property Taxes

SELL MY HOME

Get Property ValueShould You Sell Now?Find TenantsWhat Is My Home WorthRecently SoldWhen to Sell

TOOLS

CompareSimilar Property FinderMortgage Calculator

ACADEMY

Buyer CourseSeller CourseLandlord CourseMarket Journal

FOR AGENTS

Claim your areaRelta Agent appBook a call

SUPPORT

+1 (778) 910-6917ray@relta.caAbout

BROWSE BC

Surrey homes for saleVancouver homes for saleBurnaby homes for saleRichmond homes for saleLangley homes for saleCoquitlam homes for saleNorth Vancouver homes for saleMaple Ridge homes for saleAll BC cities
Real Broker B.C. Ltd.

© 2026 Ray Rasouli · Real Broker B.C. Ltd. · Relta software © Awesome Technologies. All rights reserved.

Privacy PolicyTerms of ServiceReferral DisclosureRelta Agent PrivacyRelta Agent Terms

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/Terrace/$2,000/mo

Rent vs mortgage

$2,000 a month in rent buys a $422,000 home in Terrace

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 $282,000. Here are the 53 Terrace homes on the market at or under it right now.

Purchase price

$422,000

Down payment

$84,000

All-in monthly

$2,665/mo

Matching homes

53

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $2,000/mo owns a home worth about

$422,000

53 Terrace homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $315,000.

Rate %
Down %
Amort. yrs
Email *
How $2,000/mo of rent becomes a purchase price
Rent you pay$2,000/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$84,000
Mortgage supported$338,000
Purchase price$422,000
Tax, strata & insurance$665/mo
All-in monthly$2,665/mo

Terrace homes your $2,000 rent could own

#121 – 5204 ACKROYD Street
Under your rent
20

$239,900

~$1,137/mo

i

#121 – 5204 ACKROYD Street

Terrace · Residential

2 bd

2 ba

924 sqft

$260/sqft

Built 2019

MLS® R3158010

View

RE/MAX Coast Mountains

2415 USK STATION Road
Under your rent
18

$275,000

~$1,303/mo

i

2415 USK STATION Road

Terrace · Residential

1 bd

1 ba

2,448 sqft

$112/sqft

Built 1998

MLS® R3155196

View

RE/MAX Coast Mountains

144 CEDARVALE FERRY Road
Under your rent
40

$359,900

~$1,706/mo

i

144 CEDARVALE FERRY Road

Terrace · Residential

3 bd

1 ba

1,390 sqft

$259/sqft

Built 9999

MLS® R3151543

View

RE/MAX Coast Mountains

#3 – 2705 KALUM Street
Under your rent
16

$329,900

~$1,564/mo

i

#3 – 2705 KALUM Street

Terrace · Residential

2 bd

0 ba

1,298 sqft

$254/sqft

Built 1998

MLS® R3153677

View

Royal LePage Aspire Realty (Terr)

#62 – 3889 MULLER Avenue
Under your rent
9

$89,900

~$426/mo

i

#62 – 3889 MULLER Avenue

Terrace · Residential

2 bd

1 ba

924 sqft

$97/sqft

Built 9999

MLS® R3114671

View

Royal LePage Aspire Realty (Terr)

2510 KERR Street
Under your rent
21

$298,000

~$1,412/mo

i

2510 KERR Street

Terrace · Residential

2 bd

1 ba

875 sqft

$341/sqft

Built 1957

MLS® R3141520

View

RE/MAX Coast Mountains

4320 LAKELSE Avenue
Under your rent

$199,900

~$947/mo

i

4320 LAKELSE Avenue

Terrace · Land

MLS® C8078847

View

Royal LePage Aspire Realty (Terr)

#81 – 3889 MULLER Street
Under your rent
22

$169,900

~$805/mo

i

#81 – 3889 MULLER Street

Terrace · Residential

2 bd

2 ba

924 sqft

$184/sqft

Built 2013

MLS® R3154719

View

RE/MAX Coast Mountains

#1103 – 2607 PEAR Street
Under your rent
10

$215,000

~$1,019/mo

i

#1103 – 2607 PEAR Street

Terrace · Residential

2 bd

1 ba

800 sqft

$269/sqft

Built 1982

MLS® R3155983

View

Royal LePage Aspire Realty (Terr)

1719 CREEK Street
Under your rent

$99,000

~$469/mo

i

1719 CREEK Street

Terrace · Land

MLS® R3087426

View

Royal LePage Aspire Realty (Terr)

3871 16 Highway
Under your rent
14

$315,000

~$1,493/mo

i

3871 16 Highway

Terrace · Residential

5 bd

3 ba

1,904 sqft

$165/sqft

Built 1992

MLS® R3139476

View

Royal LePage Aspire Realty (Terr)

#101 – 4822 LAZELLE Avenue
Under your rent
15

$320,000

~$1,517/mo

i

#101 – 4822 LAZELLE Avenue

Terrace · Residential

3 bd

2 ba

1,120 sqft

$286/sqft

Built 1998

MLS® R3134500

View

RE/MAX Coast Mountains

See all on the map (53 active listings)

Other rents in Terrace

$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 8.05 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 Terrace?

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 $282,000.

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 $665/mo in tax, strata and insurance, so the honest all-in monthly on a $422,000 home is closer to $2,665.

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.
$1,500/mo in Terrace$1,800/mo in Terrace$2,200/mo in Terrace$2,500/mo in Terrace$3,000/mo in Terrace$3,500/mo in Terrace$4,000/mo in TerraceAll rent bands in TerraceTerrace 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.