Rent vs Own

Rent vs. Own Calculator

See what the numbers look like over 5, 10, and 25 years. This tool focuses on the two real outcomes: rent paid vs equity built. Optional investing assumptions are available, but they are off by default because humans are… inconsistent.

Enter Your Details

Ready

Monthly Rent Target Home Price

Down Payment (Percent)

10%

Down Payment (Amount)

Effective Price: $—

Loan (base): $—

CMHC est: $—

If your down payment does not meet minimum down rules for the target price, we cap the effective price to what your down supports.

Mortgage Rate (Annual %) Canadian semi-annual compounding. Amortization (Years)

Annual Property Tax Rent Increase (Annual %) Home Appreciation (Annual %)

Advanced Options

Maintenance (Annual %) Home Insurance (Monthly) Selling Costs (Percent)

One-Time Closing Costs (Percent) Investment Return (Annual %, if enabled)

Include property tax in owner monthly cost Assume renter invests savings monthly (optional)

If investing is enabled, we compare “Owner Net” against “Renter Net (Investing)” using a simple monthly future value model.

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Estimates only. Not financial advice. Does not include land transfer tax or legal fees. Qualification depends on lender rules.

Your Results

Waiting

Planning numbers that show the trade-offs. Change assumptions, then pick the timeline that matches your reality.

—

Total Rent Paid

$—

Over selected horizon

Owner Net (Est)

$—

Equity minus costs

Owner Monthly Cost

$—

Mortgage + costs (est)

Opportunity Cost

$—

Difference between paths

Visual Comparison

Owner Net includes estimated closing costs and optional selling costs. Renter Net appears only if investing is enabled.

Want a Real “Can I Buy?” Answer?

We’ll email you a summary plus a realistic next-step plan based on your numbers.

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This is a planning estimate. For exact numbers, confirm with your lender and lawyer.

Mortgage uses Canadian semi-annual compounding. CMHC generally not available for purchases ≥ $1,000,000.

What This Tool Shows

If renting feels “safe,” this calculator puts real numbers beside that feeling. Use 5, 10, and 25-year views to see rent paid vs equity built, and whether buying might actually be within reach.