Rent vs Buy Calculator

Step 1 . Enter current rent information

Current Monthly Rent

Est Annual Rent Increase

Step 2 . Enter estimated mortgage information

Purchase price

Down payment

Mortgage Required (CMHC Premium Included)


Interest Rate

Est Annual Increase In Value

Step 3 . Choose Comparison Time Frame

Time Frame


If you believe in the status quo, then you can continue to rent. The status quo will come at a cost to you of over a period of . On the other hand, if you were to purchase a home for your monthly mortgage payment will be . Over a period of , your mortgage will cost you a total of and build you a home equity of .

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