Rent vs Buy Calculator

The honest answer on rent vs buy

This calculator gives a clean monthly-cost comparison: the mortgage payment on a purchase, against what you'd pay in rent for the same period.

The full picture has more variables. Owning adds property taxes, strata fees (on condos), insurance, and maintenance — typically another $500 to $1,500 per month on a Lower Mainland home. Renting keeps you flexible and frees capital that could otherwise be invested elsewhere.

The honest answer almost always depends on how long you'll stay. Inside three years, renting usually wins. Beyond seven years, owning usually wins. The middle ground is where this calculator — and a fifteen-minute conversation with us — earns its keep.

For an actual quote against your file, request one and we'll come back with real numbers.