Compare the long-term financial outcome of renting and investing the difference vs. buying and building equity.
Rent vs Buy Calculator
CAD $
CAD $
CAD $
5.49%
4%
3%
7 yrs
7%
Monthly cost — buy
CA$4,131
Monthly cost — rent
CA$2,200
Net worth difference after 7 years
+CA$69,467
in favor of buying
Break-even point: year 1 — buying's net worth overtakes renting's around then.
Net worth over time
Buy Rent & invest
Year 1Year 7
Buying looks better 🏠
Buying builds an estimated 69,467 more net worth than renting and investing the difference over 7 years — mainly from home equity and appreciation outweighing the renter's investment growth.