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Rent vs Buy
Adjust the figures below to see the estimated result. This tool does not use live lender rates or unlicensed sold records.
Calculated results
- Monthly mortgage principal and interest
- $4,224
- Estimated total monthly carrying cost
- $5,083
- Estimated monthly ownership minus rent
- $1,883
Illustrative calculations only. Mortgage insurance, lender qualification rules, land transfer tax rebates, Toronto luxury tiers, closing costs, tax treatment, repairs, and resale assumptions may change the result. Confirm applicable rates and eligibility with a professional. Asking prices are not completed-sale values.
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