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Free Calculator · Canada-specific

Should you rent or buy
in Canada?

The only calculator that gets Canada right — CMHC insurance, Ontario land transfer tax, Toronto municipal LTT, first-time buyer rebates, and true opportunity cost.

Your situation

Location
The Home
$
$
The Mortgage
%
Renting
$
Time Horizon & Investment
Break-even year
—
At your 10-year horizon:
Buying net worth
—
Renting net worth —
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Net worth over time

Buying (home equity)
Renting (invested portfolio)

One-time costs to buy

Annual cost comparison

Year Monthly mortgage Maintenance Total owning Monthly rent

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Maximize your down payment with the FHSA →
If you're leaning toward buying, the FHSA Optimizer shows how to save up to $40,000 tax-free for your first home.
💡
Your situation at a glance
Personalized insights based on your inputs
What to do next
All figures are estimates based on your inputs and simplified financial models. Mortgage costs, land transfer tax rates, and CMHC premiums change — verify current amounts with a mortgage professional before making any decision. Last updated: March 2026.
S
Made by someone who arrived in Canada with no credit history and figured it out the hard way. These tools are what I wish I'd had.
Last reviewed: May 28, 2026 · Suggest an update
Up Next
FHSA Optimizer
If buying is in your future, the FHSA gives up to $40,000 in tax-free savings for your down payment.
Try it →