Rent or buy calculator for Canada

Enter the home, the mortgage and the rent you would pay instead. Change any assumption.

Purchase price ($)Down payment (%)Mortgage rate (%)Amortization (years)Province or territoryFirst-time buyer (transfer tax relief)?NoYesLegal fees and other closing costs ($)Property tax (% of value per year)Maintenance (% of value per year)Home insurance and other yearly costs ($)Home price growth (% per year)Selling costs (% of the price)Monthly rent for a similar home ($)Rent increase (% per year)Return on the renter's investments (% per year, after tax)Years before you sell or compare

A scenario, not a forecast: the result depends entirely on the growth, return and rent assumptions you enter, which nobody can know. The mortgage uses Canadian semi-annual compounding; the rate is prefilled with the latest 5-year conventional mortgage rate we collected. The land transfer tax comes from the province's official rules (see the buying guide). The person who spends less each month invests the difference at the return you enter. Not included: mortgage insurance premiums (due with less than 20% down), taxes on investment returns, the Home Buyers' Plan or FHSA, condo fees and moving costs. Default assumptions (supplied by our team from the 2026 Projection Assumption Guidelines of FP Canada and the Institut de planification financière, to be re-checked each year): inflation 2.1%, home price and rent growth 3.1% (inflation + 1 point), return 5.0%, upkeep 1% and property tax 1% of value, selling costs 5%. Change any of them. Quebec: see the Quebec page.