Calculators

Rent or buy

The wealth you have left after renting, against buying and later selling.

Planning estimate. Mortgage payments default to semi-annual compounding; selected payment assumptions are shown in the results. Bridge loans and interest-only lines use their stated interest assumptions.

All rates and information are subject to O.A.C. (on approved credit).

Purchase price$Down payment$Province or territory

Automatic: Ontario land transfer tax and confirmed rebates; Toronto tax and administration fee follow the selected municipality. Registration, special-property and non-resident costs need separate confirmation. No buyer rebate is assumed in this tool; use a verified net quote outside Ontario or My buying plan for eligible rebates.

City / municipalityNorth York, Scarborough, Etobicoke, York and East York are part of Toronto. York Region is outside Toronto; select its municipality.Other purchase closing fees$Legal, title, inspection and adjustments; exclude regional taxes/registration counted above. $2,800 is an editable estimate.Selling commission% of sale priceSales tax on selling commission%13% is an Ontario estimate. Adjust for your location and quote; applies to commission only.Monthly condo fees$Monthly home insurance$Tax on positive investment returns%Annual tax haircut; 0 excludes investment tax. No loss credits or account-specific capital-gains/dividend treatment.Annual investment feespercentage pointsSubtracted from gross annual return; 0 excludes fees.Mortgage rate%Rent$a monthProperty tax% of valueUpkeep% of valueHome value growth% a yearZero keeps the home flat, so the sale costs are not hidden by a rising price.Rent increase% a yearIf you invest the down payment instead%

Years