Housing calculator
Rent first or buy now
Compare a monthly rent against a mortgage, with every derived line shown.
Your entries
Switching province or price level loads a typical figure; type over it freely.
Rent or buy
Province
Price level
Monthly housing cost
Rent
$5,235
Utilities
Estimated at 20% of rent
$1,047
Tenant insurance
Estimated at 1% of rent
$52
Total monthly housing
$6,334
First and last month up front
Two months of rent
$10,470
Cleaning deposit
Refundable, 20% of one month's rent
$1,047
Cash needed to move in
$11,517
The deposit is held by the landlord and returned when the home is left clean, so treat it as money set aside rather than spent.
Rent levels, purchase prices, tax rates and mortgage rates move with the market. Check current listings and a live mortgage quote as you narrow the shortlist.
Monthly housing
Ontario · one part of $18,933 full monthly cost
$6,334