Under your rent
25
$449,000
$699/sqft
1 bd · 1 ba · 642 sqft
#203, 1611 3rd Avenue
Vancouver · Apartment/Condo
~$2,128/mo
Listed by RE/MAX WestcoastMLS® R3170008
Rent vs own
What your rent could own in Vancouver.
Enter your rent to see the home price it could cover and homes listed at that price.
- A $2,500 rent carries
- $527,000
- Median asking
- $1,379,500
- Homes at or under it
- 309
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$527,000
20% down assumed ($105,000). 309 homes listed at or under it in Vancouver.
Of the first payment, about $694 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $414,000.
- A $2,500 rent carries
- $527,000
- Median asking
- $1,379,500
- Homes at or under it
- 309
Source: Current MLS® listings.
What each rent buys
In Vancouver, a $2,500 rent carries the mortgage on a home priced around $527,000. That is $852,500 under Vancouver's $1,379,500 median home price. 309 homes are listed at or under it. Figures use 5.19% over 25 years with 20% down.
Vancouver homes around a $2,500 rent
309 active listings
Under your rent
40
$519,900
$758/sqft
1 bd · 1 ba · 686 sqft
#1803, 108 Cordova Street
Vancouver · Apartment/Condo
~$2,464/mo
Listed by Stilhavn Real Estate ServicesMLS® R3174184
Under your rent
20
$398,000
$890/sqft
0 bd · 1 ba · 447 sqft
#505, 161 Georgia Street
Vancouver · Apartment/Condo
~$1,886/mo
Listed by Macdonald Realty WestmarMLS® R3143538
Under your rent
30
$499,999
$906/sqft
1 bd · 1 ba · 552 sqft
#112, 1717 13th Avenue
Vancouver · Apartment/Condo
~$2,370/mo
Listed by The Agency VancouverMLS® R3171430
Under your rent
14
$450,000
$1,018/sqft
1 bd · 1 ba · 442 sqft
#2508, 233 Robson Street
Vancouver · Apartment/Condo
~$2,133/mo
Listed by RE/MAX Select RealtyMLS® R3174051
Under your rent
36
$488,000
$1,043/sqft
1 bd · 1 ba · 468 sqft
#603, 4638 Gladstone Street
Vancouver · Apartment/Condo
~$2,313/mo
Listed by eXp RealtyMLS® R3172747
Under your rent
12
$369,900
$691/sqft
1 bd · 1 ba · 535 sqft
#205, 5488 Cecil Street
Vancouver · Apartment/Condo
~$1,753/mo
Listed by Macdonald Realty WestmarMLS® R3140332
Under your rent
20
$399,000
$526/sqft
1 bd · 1 ba · 759 sqft
#506, 5380 Oben Street
Vancouver · Apartment/Condo
~$1,891/mo
Listed by Latitude Realty Inc.MLS® R3159645
Under your rent
20
$498,000
$915/sqft
1 bd · 1 ba · 544 sqft
#1903, 4815 Eldorado Mews
Vancouver · Apartment/Condo
~$2,360/mo
Listed by Royal Pacific Realty Corp.MLS® R3171263
Under your rent
22
$519,900
$880/sqft
1 bd · 1 ba · 591 sqft
#912, 161 Georgia Street
Vancouver · Apartment/Condo
~$2,464/mo
Listed by RA Realty Alliance Inc.MLS® R3173904
Under your rent
19
$524,900
$1,134/sqft
1 bd · 1 ba · 463 sqft
#1008, 1146 Harwood Street
Vancouver · Apartment/Condo
~$2,488/mo
Listed by Century 21 In Town RealtyMLS® R3171813
Under your rent
40
$518,888
$887/sqft
1 bd · 1 ba · 585 sqft
#1702, 5515 Boundary Road
Vancouver · Apartment/Condo
~$2,459/mo
Listed by RE/MAX LIFESTYLES REALTYMLS® R3174329
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Renting or owning: what changes
One-time costs
Buying adds transfer tax, legal fees and an inspection, paid on closing.
Monthly costs past the mortgage
Property tax, strata and insurance are on top of the mortgage. Compare the total with your rent.
Flexibility
A lease is easier to leave. Owning suits staying put for some years.
To see the year owning starts to cost less than renting, try rent or buy.
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($105,000 on $527,000)
- Property tax
- 3.50 per $1,000 of value
- Strata
- $320 a month, an estimate
- Insurance
- $62 a month, an estimate
An estimate, not a mortgage approval or financial advice. Change the rate, down payment or amortization in the calculator and the figures update.
More ways to explore Vancouver
Listings and market data for Vancouver.
Neighbourhoods in Vancouver
Narrow your search to a specific Vancouver neighbourhood.
Nearby cities
Compare Vancouver with other markets in the region.
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
A mortgage broker can confirm what you qualify for.