Under your rent
25
$599,900
$1,103/sqft
1 bd · 1 ba · 544 sqft
#202, 8398 Oak Street
Vancouver · Apartment/Condo
~$2,843/mo
Listed by Rennie & Associates Realty Ltd.MLS® R3132559
Rent vs own
$3,500 a month in rent buys a $738,000 home in Vancouver
At a 5.19% posted rate, 20% down and 25 years. 992 Vancouver homes are listed at or under it.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,089/mo
- Homes listed
- 992
Source: Current MLS® listings.
Your rent
$
a month
The price your rent could cover
$738,000
20% down assumed ($148,000). 992 homes listed at or under it in Vancouver.
Of the first payment, about $975 goes to the loan itself. Tax, strata and insurance would bring the all-in price closer to $612,000.
- Purchase price
- $738,000
- Down payment
- $148,000
- All-in monthly
- $4,089/mo
- Homes listed
- 992
Source: Current MLS® listings.
Vancouver homes your $3,500 rent could own
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Under your rent
23
$729,800
$884/sqft
2 bd · 1 ba · 826 sqft
#208, 1422 3rd Avenue
Vancouver · Apartment/Condo
~$3,459/mo
Listed by RE/MAX All Points RealtyMLS® R3168478
Under your rent
35
$629,900
$784/sqft
2 bd · 2 ba · 803 sqft
#218, 405 Skeena Street
Vancouver · Apartment/Condo
~$2,986/mo
Listed by Grand Central RealtyMLS® R3174145
Under your rent
26
$710,000
$975/sqft
2 bd · 2 ba · 728 sqft
#406, 5399 Joyce Street
Vancouver · Apartment/Condo
~$3,365/mo
Listed by RE/MAX Crest RealtyMLS® R3172596
Under your rent
30
$732,000
$1,116/sqft
1 bd · 1 ba · 656 sqft
#504, 1675 8 Avenue
Vancouver · Apartment/Condo
~$3,469/mo
Listed by Claridge Real Estate Advisors Inc.MLS® R3170926
Under your rent
30
$538,000
$920/sqft
1 bd · 1 ba · 585 sqft
#507, 2435 Kingsway
Vancouver · Apartment/Condo
~$2,550/mo
Listed by Rennie & Associates Realty Ltd.MLS® R3165664
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
Under your rent
22
$671,000
$1,052/sqft
1 bd · 1 ba · 638 sqft
#2009, 501 Pacific Street
Vancouver · Apartment/Condo
~$3,180/mo
Listed by TRG The Residential Group RealtyMLS® R3172338
Under your rent
32
$699,000
$858/sqft
1 bd · 1 ba · 815 sqft
#2201, 108 Cordova Street
Vancouver · Apartment/Condo
~$3,313/mo
Listed by Royal Pacific Lions Gate Realty Ltd.MLS® R3174364
Under your rent
29
$725,000
$1,094/sqft
1 bd · 1 ba · 663 sqft
#1821, 1618 Quebec Street
Vancouver · Apartment/Condo
~$3,436/mo
Listed by Vanhaus Gruppe Realty Inc.MLS® R3145897
Under your rent
40
$599,900
$922/sqft
1 bd · 1 ba · 651 sqft
#301, 1930 3rd Avenue
Vancouver · Apartment/Condo
~$2,843/mo
Listed by Oakwyn Realty Ltd.MLS® R3172826
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
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 | $3,500/mo |
|---|---|
| Interest rate | 5.19% |
| Amortization | 25 years |
| Down payment (20%) | $148,000 |
| Mortgage supported | $590,000 |
| Purchase price | $738,000 |
| Tax, strata and insurance | $589/mo |
| All-in monthly | $4,089/mo |
Assumptions
- Rate
- 5.19%, the posted five-year fixed rate. Illustrative, not a quote.
- Amortization
- 25 years
- Down payment
- 20% ($148,000 on $738,000)
- 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
$148,000, or 20% of $738,000.
The mortgage payment is. Tax, strata and insurance add about $589/mo, for $4,089 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.