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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/$3,500/mo

Rent vs mortgage

$3,500 a month in rent buys a $738,000 home in Victoria

That is what a 3500-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 $590,000. Here are the 271 Victoria homes on the market at or under it right now.

Purchase price

$738,000

Down payment

$148,000

All-in monthly

$4,202/mo

Matching homes

271

Rent or own? See what you could afford

Your name

$

/mo

Your monthly rent

Paid as a mortgage, $3,500/mo owns a home worth about

$738,000

271 Victoria homes are in your budget

Builds your equity

Rent builds none

Covering mortgage, tax, strata and insurance together, the matching price is about $612,000.

Rate %
Down %
Amort. yrs
Email *
How $3,500/mo of rent becomes a purchase price
Rent you pay$3,500/mo
Interest rate5.19%
Amortization25 years
Down payment (20%)$148,000
Mortgage supported$590,000
Purchase price$738,000
Tax, strata & insurance$702/mo
All-in monthly$4,202/mo

Victoria homes your $3,500 rent could own

#307 – 305 Michigan Street
Under your rent
24

$389,900

~$1,848/mo

i

#307 – 305 Michigan Street

Victoria · Residential

1 bd

1 ba

596 sqft

$654/sqft

Built 1970

MLS® 1047337

View

Royal LePage Coast Capital - Chatterton

#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

111 Michigan Street
Under your rent
28

$699,000

~$3,313/mo

i

111 Michigan Street

Victoria · Residential

2 bd

2 ba

1,489 sqft

$469/sqft

Built 1979

MLS® 1046847

View

Newport Realty Ltd.

#303 – 932 Johnson Street
Under your rent
31

$368,800

~$1,748/mo

i

#303 – 932 Johnson Street

Victoria · Residential

0 bd

1 ba

431 sqft

$856/sqft

Built 2005

MLS® 1046629

View

Royal LePage Coast Capital - Chatterton

#101 – 250 Douglas Street
Under your rent
52

$415,000

~$1,967/mo

i

#101 – 250 Douglas Street

Victoria · Residential

1 bd

1 ba

718 sqft

$578/sqft

Built 1962

MLS® 1046564

View

eXp Realty

#104 – 2647 Graham Street
Under your rent
30

$359,900

~$1,706/mo

i

#104 – 2647 Graham Street

Victoria · Residential

1 bd

1 ba

676 sqft

$532/sqft

Built 1991

MLS® 1046644

View

Century 21 Queenswood Realty Ltd.

#207 – 1155 Yates Street
Under your rent
23

$429,900

~$2,038/mo

i

#207 – 1155 Yates Street

Victoria · Residential

1 bd

1 ba

555 sqft

$775/sqft

Built 2003

MLS® 1047038

View

Coldwell Banker Oceanside Real Estate

#610 – 1745 Leighton Road
Under your rent
21

$459,900

~$2,180/mo

i

#610 – 1745 Leighton Road

Victoria · Residential

2 bd

2 ba

911 sqft

$505/sqft

Built 1982

MLS® 1046303

View

HonestDoor Inc.

#409 – 545 Manchester Road
Under your rent
31

$389,000

~$1,844/mo

i

#409 – 545 Manchester Road

Victoria · Residential

1 bd

1 ba

697 sqft

$558/sqft

Built 1993

MLS® 1031099

View

Pemberton Holmes Ltd.

#105 – 1765 Oak Bay Avenue
Under your rent
34

$729,980

~$3,460/mo

i

#105 – 1765 Oak Bay Avenue

Victoria · Residential

2 bd

2 ba

930 sqft

$785/sqft

Built 2017

MLS® 1047234

View

Sutton Group West Coast Realty

#213 – 909 Pembroke Street
Under your rent
23

$369,900

~$1,753/mo

i

#213 – 909 Pembroke Street

Victoria · Residential

1 bd

1 ba

701 sqft

$528/sqft

Built 1977

MLS® 1047515

View

RE/MAX Camosun

#108 – 369 Tyee Road
Under your rent
37

$589,900

~$2,796/mo

i

#108 – 369 Tyee Road

Victoria · Residential

1 bd

1 ba

705 sqft

$837/sqft

Built 2023

MLS® 1036345

View

eXp Realty

See all on the map (271 active listings)

Other rents in Victoria

$1,500/mo · $1,800/mo · $2,000/mo · $2,200/mo · $2,500/mo · $3,000/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 $3,500 a month in rent buy in Victoria?

At a 5.19% rate with 20% down over 25 years, $3,500/mo carries the mortgage on a home priced around $738,000. Covering tax, strata and insurance inside the same budget, the matching price is about $590,000.

How much do I need for a down payment?

On a $738,000 home at 20% down, the down payment is $148,000. 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 $702/mo in tax, strata and insurance, so the honest all-in monthly on a $738,000 home is closer to $4,202.

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.
$1,500/mo in Victoria$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$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.