Calculator
Rent vs. Buy Calculator
Compare the long-term financial outcome of renting vs. buying in Canada, including CMHC insurance, property costs, and investment returns.
Buying
$500,000
10.0% ($50,000)
5.5%
25 years
3.0%/yr
Renting
$2,200
3.0%
7.0%
10 years
Net Worth Comparison
Better After 10 Years
Renting
By $3,351
Buyer Net Worth
$323,971
Home value: $671,958
Renter Net Worth
$327,322
From invested savings
Monthly Mortgage + Costs
$3,790
Mortgage: $2,832
Down Payment Required
$50,000
+ $13,950 CMHC
Assumes property tax ~1%, maintenance ~1%, insurance ~0.3%. Renter invests down payment + monthly cost difference. CMHC insurance included for <20% down.