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Rent vs buy calculator

An honest side-by-side: buying builds equity, renting frees cash to invest. Every assumption below is yours to change — we don't put a thumb on the scale.

Your assumptions

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After 10 years, buying is ahead by

$3,498

Buying overtakes renting around year 10.

Net worth if you buy (yr 10)
$516,388
Net worth if you rent + invest (yr 10)
$512,890
Upfront cash to buy (down + closing)
$175,900
Monthly mortgage (P&I)
$3,452

Net worth over time — buy (brick) vs rent + invest (royal)

Want to know what a lender would actually approve?

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We'll pass your note to a broker who arranges the introduction. This is not an application and involves no credit check.

What's baked in (and what isn't)

  • Both paths are compared fairly: the renter invests your down payment and closing costs, and whichever party pays less each month invests the difference at your investment-return rate.
  • Buying net worth is home equity minus the selling cost you'd pay to realise it. Closing costs are treated as sunk for the buyer.
  • Mortgage uses Canadian semi-annual compounding; land-transfer tax and the CMHC premium come from our Ontario calculators. Upfront cash uses the low end of the all-in closing-cost estimate.
  • Estimates only, for general information — not financial, mortgage, or tax advice, and not an offer of credit.

All-in closing costs

Everything you pay on top of the price.

Mortgage + stress test

Payments and the qualifying rate.

Land transfer tax

Ontario + Toronto LTT with rebates.

How this is calculated

We compare two net-worth paths month by month. Buying: home value grows at your appreciation rate, the mortgage amortises with Canadian semi-annual compounding, and net worth is your equity minus the selling cost to realise it. Renting: your down payment and closing costs stay invested at your chosen return, and the party with the lower monthly cost banks the difference. Land transfer tax (Ontario + Toronto with first-time-buyer rebates) and the CMHC premium come from our other Ontario calculators. Estimates only, for general information — not financial, mortgage, or tax advice and not an offer of credit. Confirm with your lender, lawyer and accountant.

BroadBricks Realty Group Inc., Brokerage