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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/Victoria/$1,500/mo

Rent vs mortgage

$1,500 a month in rent buys a $316,000 home in Victoria

That is what a 1500-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 $207,000. Here are the 18 Victoria homes on the market at or under it right now.

Purchase price

$316,000

Down payment

$63,000

All-in monthly

$2,019/mo

Matching homes

18

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $1,500/mo owns a home worth about

$316,000

18 Victoria homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $216,000.

Rate %
Down %
Amort. yrs
Email *
How $1,500/mo of rent becomes a purchase price
Rent you pay$1,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$63,000
Mortgage supported$253,000
Purchase price$316,000
Tax, strata & insurance$519/mo
All-in monthly$2,019/mo

Victoria homes your $1,500 rent could own

#106 – 455 Kingston Street
Under your rent
36

$299,900

~$1,421/mo

i

#106 – 455 Kingston Street

Victoria · Residential

2 bd

2 ba

930 sqft

$322/sqft

Built 1998

MLS® 1042845

View

Royal LePage Coast Capital - Chatterton

#204 – 629 Speed Avenue
Under your rent
34

$285,000

~$1,351/mo

i

#204 – 629 Speed Avenue

Victoria · Residential

0 bd

1 ba

390 sqft

$731/sqft

Built 2023

MLS® 1047554

View

The Agency

#1401 – 647 Michigan Street
Under your rent
35

$299,999

~$1,422/mo

i

#1401 – 647 Michigan Street

Victoria · Residential

1 bd

1 ba

614 sqft

$489/sqft

Built 1969

MLS® 1040947

View

RE/MAX Camosun

#1005 – 1630 Quadra Street
Under your rent
29

$307,500

~$1,457/mo

i

#1005 – 1630 Quadra Street

Victoria · Residential

1 bd

1 ba

588 sqft

$523/sqft

Built 1982

MLS® 1047338

View

RE/MAX Camosun

#907 – 647 Michigan Street
Under your rent
46

$149,000

~$706/mo

i

#907 – 647 Michigan Street

Victoria · Residential

0 bd

1 ba

409 sqft

$364/sqft

Built 1969

MLS® 1037330

View

Engel & Volkers Vancouver Island

#2006 – 647 Michigan Street
Under your rent
20

$239,000

~$1,133/mo

i

#2006 – 647 Michigan Street

Victoria · Residential

1 bd

1 ba

626 sqft

$382/sqft

Built 1969

MLS® 1040574

View

Royal LePage Coast Capital - Oak Bay

#211 – 964 Heywood Avenue
Under your rent
31

$249,900

~$1,184/mo

i

#211 – 964 Heywood Avenue

Victoria · Residential

2 bd

1 ba

841 sqft

$297/sqft

Built 1969

MLS® 1046658

View

Initium Real Estate Ltd.

#809 – 647 Michigan Street
Under your rent
26

$154,900

~$734/mo

i

#809 – 647 Michigan Street

Victoria · Residential

1 bd

1 ba

631 sqft

$245/sqft

Built 1967

MLS® 1044211

View

RE/MAX Camosun

#401 – 964 Heywood Avenue
Under your rent
30

$229,000

~$1,085/mo

i

#401 – 964 Heywood Avenue

Victoria · Residential

1 bd

1 ba

664 sqft

$345/sqft

Built 1974

MLS® 1046804

View

Royal LePage Coast Capital - Oak Bay

#418 – 964 Heywood Street
Under your rent
25

$159,000

~$754/mo

i

#418 – 964 Heywood Street

Victoria · Residential

1 bd

1 ba

704 sqft

$226/sqft

Built 1969

MLS® 1045170

View

Coldwell Banker Oceanside Real Estate

#232 – 2930 Washington Avenue
Under your rent
11

$255,000

~$1,209/mo

i

#232 – 2930 Washington Avenue

Victoria · Residential

0 bd

1 ba

433 sqft

$589/sqft

Built 1974

MLS® 1041148

View

Newport Realty Ltd.

#1407 – 647 Michigan Street
Under your rent
16

$139,000

~$659/mo

i

#1407 – 647 Michigan Street

Victoria · Residential

0 bd

1 ba

478 sqft

$291/sqft

Built 1969

MLS® 1043842

View

RE/MAX Camosun

See all on the map (18 active listings)

Other rents in Victoria

$1,800/mo · $2,000/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 5.20 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 $1,500 a month in rent buy in Victoria?

At a 5.19% rate with 20% down over 25 years, $1,500/mo carries the mortgage on a home priced around $316,000. Covering tax, strata and insurance inside the same budget, the matching price is about $207,000.

How much do I need for a down payment?

On a $316,000 home at 20% down, the down payment is $63,000. 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 $519/mo in tax, strata and insurance, so the honest all-in monthly on a $316,000 home is closer to $2,019.

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.
$1,800/mo in Victoria$2,000/mo in Victoria$2,200/mo in Victoria$2,500/mo in Victoria$3,000/mo in Victoria$3,500/mo in Victoria$4,000/mo in VictoriaAll rent bands in VictoriaVictoria 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.