Own vs. Rent Calculator: The Honest Numbers for Fraser Valley Home Buyers
Your Equity. Your Income. Your Real Number.
What this is
Most rent vs. buy calculators lie by omission. They freeze your costs in year one, ignore what rent does over time, skip capital gains tax, and assume your TFSA has unlimited room. This one doesn't. Built specifically for BC first-time home buyers in the Chilliwack and Fraser Valley market, this calculator models every cost that actually matters: inflating property taxes, rising maintenance, multiple mortgage renewal terms, investment discipline on both paths, and the housing liability renters carry long after the comparison period ends. If you want the honest number, this is where you get it.
How It Works
Enter your purchase price, down payment, and mortgage rate expectations. Set your rent alternative and how aggressively you'd invest the difference. The calculator runs a month-by-month simulation across your chosen time horizon; inflating costs, renewing your mortgage at real balances, routing investments through your actual TFSA room, and comparing net wealth on both paths in today's dollars. Every input has a real effect. Every result is explained.
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