Buying vs Renting a Home in Canada – Calculator

Buy vs. Rent Calculator

Compare the estimated long-term financial impact of buying a home versus renting. Adjust the assumptions to see how your results could change over time.

Buying a Home

Home Price ($)

Down Payment ($)

Mortgage Interest Rate (%)

Amortization (Years)

Property Tax ($/year)

Home Insurance ($/month)

Maintenance (% of home value/year) Example: 1% = $6,000/year on a $600,000 home.

Condo/HOA Fees ($/month)

Renting

Monthly Rent ($)

Annual Rent Increase (%)

Renter’s Insurance ($/month)

Long-Term Assumptions

Expected Home Appreciation (%/year)

Expected Investment Return (%)

Monthly Mortgage Payment

Estimated Monthly Ownership Cost

Initial Cash Needed to Buy

Starting Monthly Rent

Long-Term Comparison

Time	Estimated Home Value	Remaining Mortgage	Home Equity	Total Rent Paid	Renter Investment Value*
5 Years
10 Years
15 Years
20 Years

What The Numbers Mean

Estimated difference after 20 years

Disclaimer: This calculator provides estimates for educational and informational purposes only. Results are based on the assumptions you enter and are not financial, mortgage, investment, tax, legal, or real-estate advice. Actual mortgage rates, property taxes, insurance, maintenance costs, rent increases, home values, investment returns, fees, and other expenses can vary significantly. Investment and home appreciation projections are hypothetical and are not guaranteed. Speak with a qualified professional before making a major financial decision.