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
Rent vs own
$2,000 a month in rent buys a $422,000 home in Vancouver
At a 5.19% posted rate, 20% down and 25 years. 90 Vancouver homes are listed at or under it.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,500/mo
- Homes listed
- 90
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$422,000
20% down assumed ($84,000). 90 homes listed at or under it in Vancouver.
Of the first payment, about $554 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $315,000.
- Purchase price
- $422,000
- Down payment
- $84,000
- All-in monthly
- $2,500/mo
- Homes listed
- 90
Source: Current MLS® listings.
Vancouver homes your $2,000 rent could own
90 active listingsOpen these Vancouver homes on the map
Draw an area and save homes you like.
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
40
$319,900
$507/sqft
1 bd · 1 ba · 631 sqft
#1106, 1720 Barclay Street
Vancouver · Apartment/Condo
~$1,516/mo
Listed by Century 21 In Town RealtyMLS® R3174308
Under your rent
22
$260,000
$448/sqft
1 bd · 1 ba · 580 sqft
#1108, 1850 Comox Street
Vancouver · Apartment/Condo
~$1,232/mo
Listed by Sutton Group-West Coast RealtyMLS® R3163264
Under your rent
24
$224,900
$386/sqft
1 bd · 1 ba · 582 sqft
#1501, 1850 Comox Street
Vancouver · Apartment/Condo
~$1,066/mo
Listed by RE/MAX City RealtyMLS® R3172627
Under your rent
18
$239,900
$530/sqft
0 bd · 1 ba · 453 sqft
#105, 1879 Barclay Street
Vancouver · Apartment/Condo
~$1,137/mo
Listed by Oakwyn Realty Ltd.MLS® R3166809
Under your rent
13
$296,000
$596/sqft
1 bd · 1 ba · 497 sqft
#803, 150 Cordova Street
Vancouver · Apartment/Condo
~$1,403/mo
Listed by Macdonald RealtyMLS® R3121525
Under your rent
$58,000
$492/sqft
0 bd · 0 ba · 118 sqft
#167, 1233 Pacific Boulevard
Vancouver · Other
~$275/mo
Listed by Oakwyn Realty Ltd.MLS® R3163886
Under your rent
19
$399,800
$766/sqft
1 bd · 1 ba · 522 sqft
#213, 711 6th Avenue
Vancouver · Apartment/Condo
~$1,895/mo
Listed by Team 3000 Realty Ltd.MLS® R3166106
Under your rent
32
$398,000
$905/sqft
0 bd · 1 ba · 440 sqft
#1610, 939 Homer Street
Vancouver · Apartment/Condo
~$1,886/mo
Listed by Rennie & Associates Realty Ltd.MLS® R3173969
Under your rent
30
$365,000
$778/sqft
0 bd · 1 ba · 469 sqft
#216, 1545 2nd Avenue
Vancouver · Apartment/Condo
~$1,730/mo
Listed by Engel & Volkers VancouverMLS® R3172961
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).
The math
| Rent you pay | $2,000/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $84,000 |
| Mortgage supported | $338,000 |
| Purchase price | $422,000 |
| Tax, strata and insurance | $500/mo |
| All-in monthly | $2,500/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($84,000 on $422,000)
- Property tax
- 3.36 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.
Questions
$84,000, or 20% of $422,000.
The mortgage payment is. Tax, strata and insurance add about $500/mo, for $2,500 in total.
Other rents in Vancouver
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.