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

Province

City

The Home

Home Price

$

Down Payment

$

Home Appreciation

First-time Buyer?

The Mortgage

Mortgage Rate

%

Amortization

Renting

Current Monthly Rent

$

Annual Rent Increase

Time Horizon & Investment

How long do you plan to stay?

Investment Return Rate

Break-even year

—

At your 10-year horizon:

Buying net worth

—

Renting net worth —

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

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.