Rent vs Buy Calculator

🏠 Buying Scenario

Home Purchase Price

$200K$3M

Down Payment: 20% ($160,000)

5%50%

Mortgage Rate: 4.5%

2%8%

Amortization

Monthly Ownership Costs

Property Tax

Maintenance

Home Insurance

Condo Fees

Annual Ownership Cost Increase: 2.0%

0%6%

Property tax, insurance, maintenance & condo fees increase each year

Annual Home Appreciation: 3.0%

0%8%

Transaction Costs

Region (for Land Transfer Tax)

Land transfer tax: $0

Selling Agent Commission: 5.0%

0%6%

Deducted when you sell (buyer + seller agent)

Include lawyer fees (~$2,000)

🏢 Renting Scenario

Monthly Rent

$500$8,000

Monthly Renter's Insurance

Annual Rent Increase: 2.5%

0%10%

Ontario guideline has been ≤2.5% for 13+ years

Investment Assumptions

Annual Investment Return: 7.0%

0%12%

XEQT ~8%, GICs ~4-5%

Marginal Tax Rate: 35%

15%54%

For capital gains tax on non-registered investments

Number of TFSA Holders: 1

None2 (couple)

🛡️ TFSA room: $109,000 existing + $7,000/year. Gains inside TFSA are tax-free.

Time Horizon: 10 years

1 yr30 yrs

🏠 Buying Net Worth

Net position after 10 years

Home Value: $0
Remaining Mortgage: $0
Equity (tax-free): $0
CMHC Insurance: $0
Land Transfer Tax: $0
Lawyer Fees: $0
Selling Commission: $0
Total Interest Paid: $0
Total Ownership Costs: $0
Monthly Payment (P+I): $0
Total Monthly (all-in): $0

🏢 Renting + Investing Net Worth

Net position after 10 years

Investment Portfolio (pre-tax): $0
TFSA Sheltered: $0
Capital Gains Tax Owed: $0
Portfolio After Tax: $0
Total Rent Paid: $0
Monthly Savings Invested: $0
Rent at Year 10: $0