Rent vs Buy Calculator
Compare the true costs of renting versus buying over time
Renting Scenario
$
Current monthly rent payment
%
Expected yearly rent increase
$
Monthly insurance cost
$
Average monthly utilities
%
Expected return on invested savings
Buying Scenario
$
Total purchase price
$
Initial down payment
%
$
$
%
$
$
Average monthly utilities
%
Expected annual value increase
%
%
Important Considerations
- This calculator assumes consistent market conditions
- Real estate appreciation and investment returns are estimates
- Tax implications vary by province and personal situation
- Consider lifestyle factors beyond just financial metrics
- Emergency fund requirements differ for owners vs renters