Rent vs Buy Calculator
Compare the true cost of renting versus buying a home in Canada over time.
2026 Tax YearData stays on your deviceUpdated Apr 1, 2026
Buy Scenario
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Rent Scenario
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Buying looks better in this scenario
Buy
Monthly Cost
$3,664.74
Home Value in 10yr
$806,349.83
CMHC Premium: $16,740.00
Rent + Invest
Monthly Rent
$2,200.00
Investment Value in 10yr
$375,582.58
Monthly Invested
$1,464.74
Mortgage Payment
$3,081.41
/month
Monthly Savings if Renting
$1,464.74
Invested at 7%
Frequently Asked Questions
Is buying always better than renting?
No. It depends on home prices, rent levels, investment returns, how long you stay, and local market conditions. In expensive markets like Toronto and Vancouver, renting and investing the difference can sometimes come out ahead.
What costs are included for buying?
This calculator includes mortgage payments, property tax, maintenance, and CMHC insurance. It does not include closing costs, home insurance, or utilities (which renters may also pay).
Official Data Sources
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Built and reviewed by Konstantin Iakovlev · Data from CRA, CMHC, Bank of Canada · MethodologyDisclaimer: This calculator provides estimates based on publicly available data from CRA and other government sources. It does not constitute financial advice. Consult a qualified advisor for decisions about your specific situation.
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