Calculators
A quick, honest way to compare the yearly cost of buying versus renting in the GTA. Move the sliders to match your situation. This is a rough guide, not financial advice.
Price-to-rent calculator
A quick way to compare the yearly cost of buying versus renting in the GTA. Move the sliders to match your situation. This is a rough guide, not financial advice.
- Price-to-rent ratio: 25.6
- Yearly owning cost: $4,500 (property tax and fees, interest not included)
- Yearly renting cost: $31,200
Renting is often better, financially.
Under 17.5: buying is often a good choice. 17.5 to 22.5: either one could work. Over 22.5: renting is often better, financially.
This is a common rule of thumb, not a prediction. It is not based on GTA data, and it leaves out your mortgage rate, down payment, closing costs, and land transfer tax. Not financial advice.
Your numbers
Example numbers. Change them to match the home you are looking at.
A note on these numbers
This calculator gives a rough comparison only. It does not include mortgage interest, maintenance, insurance, or closing costs, which all affect the real picture. For a full look at your situation, book a free chat and we will walk through it together.
Or call 416-527-4430.