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
$2,200 a month in rent buys a $464,000 home in Vancouver
At a 5.19% posted rate, 20% down and 25 years. 140 Vancouver homes are listed at or under it.
- Purchase price
- $464,000
- Down payment
- $93,000
- All-in monthly
- $2,712/mo
- Homes listed
- 140
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$464,000
20% down assumed ($93,000). 140 homes listed at or under it in Vancouver.
Of the first payment, about $613 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $355,000.
- Purchase price
- $464,000
- Down payment
- $93,000
- All-in monthly
- $2,712/mo
- Homes listed
- 140
Source: Current MLS® listings.
Vancouver homes your $2,200 rent could own
140 active listingsOpen these Vancouver homes on the map
Draw an area and save homes you like.
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
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
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
27
$439,000
$640/sqft
1 bd · 1 ba · 686 sqft
#102, 1550 Marine Drive
Vancouver · Apartment/Condo
~$2,081/mo
Listed by Heller Murch RealtyMLS® R3163242
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
16
$449,000
$785/sqft
1 bd · 1 ba · 572 sqft
#601, 5380 Oben Street
Vancouver · Apartment/Condo
~$2,128/mo
Listed by Sutton Centre RealtyMLS® R3142231
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
19
$450,000
$964/sqft
0 bd · 1 ba · 467 sqft
#301, 928 Beatty Street
Vancouver · Apartment/Condo
~$2,133/mo
Listed by eXp RealtyMLS® R3167578
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 | $2,200/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $93,000 |
| Mortgage supported | $371,000 |
| Purchase price | $464,000 |
| Tax, strata and insurance | $512/mo |
| All-in monthly | $2,712/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($93,000 on $464,000)
- 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
$93,000, or 20% of $464,000.
The mortgage payment is. Tax, strata and insurance add about $512/mo, for $2,712 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.