Buy vs rent tools
The main buy vs rent calculator compares the full picture. These tools zoom in on one question at a time.
Buy vs rent break-even calculator
Find the year buying overtakes renting, and the home-price growth, rent and rate that make buy vs rent a tie. Free Canadian calculator.
Open tool →What rent makes buy vs rent a tie?
Solve for the monthly rent at which renting and owning finish equal. A buy vs rent calculator that answers “is my rent too high or too low?”
Open tool →Price-to-rent ratio calculator for buy vs rent
Calculate the price-to-rent ratio and the 5% rule for any home. A quick first screen for buy vs rent decisions in Canada.
Open tool →True monthly cost of owning vs renting
See every cost of owning a home against rent: interest, property tax, maintenance, insurance, fees and the opportunity cost of your down payment.
Open tool →Rent and invest the difference
See how much a renter’s portfolio could grow by investing the down payment and the monthly savings. Buy vs rent from the renter’s side.
Open tool →How much down payment: 5%, 10%, 20% or more?
Compare buying with different down payments against renting. See how insurance premiums and leverage change the buy vs rent outcome.
Open tool →Closing costs and transfer tax for buying in Canada
Estimate land transfer tax, legal fees and other closing costs by province, plus selling costs. A key input for any buy vs rent comparison.
Open tool →Mortgage payment and renewal calculator
Calculate Canadian mortgage payments with semi-annual compounding, payment frequency and the effect of a higher rate at renewal.
Open tool →Future home value: price growth and inflation
Project a home’s future value under low, base and high price growth, in nominal and inflation-adjusted dollars. Inputs for buy vs rent.
Open tool →Rent growth: what will rent cost over time?
Project your rent for the next 5, 10 or 20 years and see the total paid. Compare with ownership costs in a buy vs rent decision.
Open tool →Selling costs and net proceeds
Estimate commission, GST, legal fees and mortgage penalty when selling a home, and the cash you would walk away with.
Open tool →How likely is buying to beat renting?
A seeded Monte Carlo simulation of home prices and investment returns showing the probability that buying beats renting. Free buy vs rent tool.
Open tool →Can you afford to buy? Income and stress test
Estimate the home price your income supports under Canadian GDS and TDS ratios and the mortgage stress test, before comparing buy vs rent.
Open tool →Buy vs rent a condo
Buy vs rent for a condo or strata unit: monthly fees, fee growth and special assessments compared with renting a similar unit.
Open tool →Buy vs rent with a rental suite
See how rent from a suite or roommate changes buy vs rent, including vacancy and tax on the income.
Open tool →Saving for a first home: FHSA and Home Buyers’ Plan planner
Plan how long it takes to save a down payment using an FHSA, TFSA and the RRSP Home Buyers’ Plan. A buy vs rent starting point for first-time buyers.
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