Buy vs rent calculator
Compare the true cost of buying against renting over time. Rent is gone for good; buying builds equity but adds taxes, strata and interest.
Total rent paid—
Total spent on buying (down payment + payments + tax + strata)—
Your equity at the end—
Net cost of buying (spending minus equity at the end)—
Assumptions: the mortgage payment uses the Canadian semi-annual formula and stays fixed; property tax and strata stay at today's amounts; the home grows at the rate you entered; rent rises once a year. Property transfer tax and other purchase closing costs, selling costs, unexpected maintenance, CMHC insurance and investment returns on the down payment are not included — treat this as a planning estimate, not a guarantee.
| Year | Rent paid (total) | Spent on buying (total) | Home value | Mortgage left | Equity |
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