FREE CANADIAN CALCULATOR

Rent vs Buy Calculator

Compare projected net worth—not just rent versus the mortgage payment.

Reviewed: October 3, 2026Policy year: 2026Methodology & data sources →

Compare scenarios

Monthly rentRenter insurance / monthHome priceDown paymentMortgage rate (%)AmortizationComparison horizonProperty tax (% / year)Maintenance (% / year)Home insurance / monthBuyer closing costs (%)Home appreciation (% / year)Rent growth (% / year)Investment return (% / year)

This is a net-worth comparison, not just a payment comparison. The renter invests the down payment/closing cash and whichever side has lower monthly housing cost invests the difference. A 5% selling cost is assumed at the end.

ESTIMATED 10-YEAR NET-WORTH ADVANTAGE

−$44,424Renting comes out ahead under these assumptions

Buyer net worth$417,785

Renter investment portfolio$462,208

Home value at horizon$806,350

Mortgage balance$348,248

Equity after assumed sale$417,785

Rent at horizon$2,816 / mo

Mortgage payment$2,657 / mo

How this calculator works

This tool provides an estimate for planning purposes. Actual taxes, lending costs, insurance premiums and fees vary by province and personal circumstances. Review our methodology and data sources, and verify important financial decisions with official sources or a qualified professional.