Latest Mortgage Rates Canada
Compare current rates from Canada's top lenders including Big 6 Banks and monoline lenders. Updated twice daily.
Rent vs Buy Calculator
Compare the financial impact of renting vs buying a home.
🏠Home Purchase
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$
20.0% of home price
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📊Monthly Costs
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$
$
$
🏢Renting
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📈Assumptions
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Return on down payment if invested
🏠 Buying Wins
Over 10 years, buying leaves you with $40,550 more
Break-even point: Year 1
Buying Scenario
Monthly Mortgage$3,557
Total Spent$706,879
Home Value$1,075,133
Net Worth$610,119
Renting Scenario
Monthly Rent$2,500
Total Rent Paid$336,101
Investment Growth$569,569
Net Worth$569,569