Mortgage vs Rental Income Calculator

Metro Vancouver's real estate market presents a unique challenge for homeowners: property values are among the highest in Canada, but rental demand remains strong. Whether you've inherited a property, relocated for work, or are simply weighing your options, the decision to sell or rent out your home has significant financial implications.

This calculator provides a starting point by comparing your monthly mortgage payment and ownership costs against the rental income your property could generate. In Greater Vancouver, it's common for rental income to fall short of total ownership costs, particularly for recently purchased properties with larger mortgages. However, a negative monthly position doesn't necessarily mean renting is a bad decision. Mortgage paydown, property appreciation, and tax benefits can make holding a rental property worthwhile over the long term.

BC mortgage rates for rental properties typically range from 4.5% to 6.5%, though rates vary by lender, term length, and whether the property is owner-occupied or investment. Rental rates across Metro Vancouver vary significantly by city, property type, and condition. A one-bedroom condo in Burnaby will command a very different rent than a detached home in North Vancouver. For an accurate rental estimate specific to your property, consider requesting a free rental analysis from our team.

This tool is for informational purposes only and does not constitute financial or legal advice. Consult with a qualified financial advisor, mortgage broker, or real estate professional before making decisions about your property.