Prime Rate in Canada Today: 4.70% at the Major Banks
7 min
Calculator · Open source
Rent vs Buy Calculator
Should you rent or buy? Compare the true financial outcome over time, including equity building, investment growth, and all hidden costs.
Methodology: public formulas, updated regularly. Built for Canadians, by Canadians.
Buy
Rent
Renter invests the down payment + closing costs + monthly savings difference. Selling costs assumed at 5% of home value.
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