Canadian Rent vs. Buy Calculator
Compare the long-term financial impact of renting versus buying a home in Canada. This tool factors in Canadian semi-annual mortgage compounding, CMHC insurance requirements, property taxes, and the tax-free status of a primary residence.
Results after 5 years
If You Buy
Home Value
$0
Remaining Mortgage
$0
Total Sunk Costs (Interest, Tax, Maint.)
$0
Net Worth (Equity)
$0
If You Rent
Total Rent Paid (Sunk Cost)
$0
Investment Portfolio Value
$0
Net Worth (Investments)
$0
Note: Buying assumes 1% annual maintenance cost. CMHC premium is added to the mortgage if down payment < 20%. Mortgage payments use Canadian semi-annual compounding. Capital gains on primary residences are tax-free in Canada. Renting assumes the initial down payment and any monthly cash-flow savings are invested.
