Rent or buy?
The real
5-year math.
See whether it is better to rent or buy a home in Canada. We factor in equity, your down payment, property tax, and insurance to show the real cost over five years.
5-Year Comparison
Cumulative cost comparison
Buying wins by
~$526,000 over 25 years
Run your numbers.
Enter your details to see exactly when buying beats renting in Canada. You get your total costs, your break-even year, and the monthly cost of owning versus renting over time.
= $150,000 down · $26,450 closing costs
Buying is better if you stay for
7 years or longer.
Otherwise, renting is better.
$147,796
Total Cost If You Buy
$127,863
Total Cost If You Rent
Buying costs $19,933 more than renting at the end of year 5.
Average Monthly Cost: Buy vs Rent
Estimates assume 3% home appreciation, 2.5% rent growth, and a 5% return on the cash a renter would invest, with ~5% selling costs and Toronto land transfer tax. Adjust any assumption above. Not financial advice.
Why buying wins
over 5+ years.
Equity compounds
Every payment builds ownership. Rent builds nothing.
Appreciation
Ontario homes have averaged 5-7% annual appreciation over the past 20 years.
Fixed costs
Your mortgage payment stays flat. Rent rises every year.
Ready to build
equity?
Start turning monthly rent into home equity. With HOMEH, you also get the industry's highest Cashback Rebate.
More mortgage
calculators.
The full math of a Canadian mortgage, calculated honestly.
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Rent vs buy: the real math.