🏠 Rent vs Buy Calculator
Canadian tax rules · CMHC insurance · TFSA sheltering · Semi-annual compounding
🏠 Buying Scenario
Home Purchase Price
$
$200K$3M
Down Payment 20.0% ($160,000)
5%50%
Mortgage Rate 4.50%
2%8%
Amortization
Monthly Ownership Costs
$
$
$
$
Annual Ownership Cost Increase 2.0%
0%6%
Property tax, insurance, maintenance & condo fees increase each year
Annual Home Appreciation 3.0%
0%8%
Transaction Costs
Region (Land Transfer Tax)
Land transfer tax: $12,475
Selling Agent Commission 5.0%
0%6%
Deducted when you sell (buyer + seller agent)
🏡 First Time Home Buyer
Apply Ontario/Toronto FTHB LTT rebate
🏢 Renting Scenario
Monthly Rent
$
$500$8,000
Monthly Renter's Insurance
$
Annual Rent Increase 2.5%
0%10%
Ontario guideline has been ≤2.5% for 13+ years
📊 Investment Assumptions
Annual Investment Return 7.0%
0%12%
XEQT ~8%, GICs ~4-5%
Marginal Tax Rate 35%
15%54%
For capital gains tax on non-registered investments
Number of TFSA Holders
🛡️ TFSA room: $109,000 existing + $7,000/year. Gains inside TFSA are tax-free.
Time Horizon 10 years
1 yr30 yrs
🏠 Buying Net Worth
Home Value
Remaining Mortgage
Equity (tax-free)
CMHC Insurance
Land Transfer Tax
Lawyer Fees
Selling Commission
Total Interest Paid
Total Ownership Costs
Monthly Payment (P+I)
Total Monthly (all-in)
🏢 Renting Net Worth
Investment Portfolio (pre-tax)
TFSA Sheltered
Capital Gains Tax Owed
Portfolio After Tax
Total Rent Paid
Monthly Savings Invested
Rent at Final Year
| Year | Home Value | Mortgage | Buy Net Worth | Portfolio | Rent Net Worth | Winner |
|---|
⚠️ Estimates only. CMHC premiums use official tiers. LTT uses official Ontario brackets; Toronto pays both provincial and municipal. TFSA room uses 2026 cumulative limits. Consult a licensed mortgage professional.