Rent vs Buy Calculator: The Real Numbers for Toronto & Ontario
Don't guess. Run your exact scenario. This calculator factors in everything: mortgage payments, renting costs, opportunity cost of down payment, maintenance, taxes, and expected appreciation in the GTA market.
Your Scenario
Results After 7 Years
TOTAL COST TO OWN
$312,000
NET EQUITY BUILT
$218,000
TOTAL COST TO RENT
$289,000
OPPORTUNITY COST (DOWN PAYMENT INVESTED)
$168,000
RECOMMENDATION AFTER 7 YEARS
BUY
You come out ~$XX,XXX ahead by buying
Assumptions: Property tax 0.7% of value/year, maintenance 1% of value/year, renter's insurance vs home insurance difference included. Opportunity cost assumes down payment invested at 5% after inflation/taxes. This is educational — run your exact numbers with us for personalized advice including current rates and local Toronto data.
Disclaimer: All rent vs buy comparisons are highly sensitive to assumptions about future appreciation, interest rates, maintenance, taxes, and personal circumstances (including how long you plan to stay). Past performance is not indicative of future results. This is a general educational tool only and not financial, tax, or investment advice.