Renting
Buying
Ownership Costs & Timeline
Maintenance: 1% of $700,000 = $583/mo — industry standard is 1% annually.
Vancouver Appreciation History
Lifetime
6.5%
per year
20-Year
5.8%
per year
10-Year
5.2%
per year
5-Year
4.8%
per year
Source: REBGV, CMHC. Past performance does not guarantee future results.
10-Year Projection
Ownership builds more wealth
Total Rent
$343,916
Equity Built
$604,741
Property in 10yr
$940,741
Break-Even
Year 1
If Renting: Invest the Savings @ 5%
A renter keeps the $140,000 down payment + invests $1,921/mo savings over 10 years.
TFSA
$478,450
tax-free
Non-Registered
$410,760
after capital gains
Capital Gains Tax (Non-Registered)
In Canada, only 50% of capital gains are taxable. If your investments are in a TFSA, you pay zero tax on gains. Non-registered accounts are taxed at your marginal rate on the 50% inclusion. TFSA contribution room is $7,000/yr (2024+).
Wealth Comparison at Year 10
Ready to Buy?
See the real numbers for your situation. Free 30-minute call with Kyle Mark.