Manitoba calculators
Rent vs buy
Mortgage paymentAffordabilityLand transfer taxCMHC insuranceClosing costsSeller net proceedsRent vs buy
How long you'd stay
After 5 years, buying leaves you
$14,968
Mortgage payment$2,155/mo
Rent paid over 5 years (+3%/yr)$121,048
Owning costs: payments, tax, upkeep, closing$184,529
Home value then$486,895
Your equity after selling costs$120,449
A rough model: tax ≈ 1.1% and upkeep ≈ 1% of the price per year, rent grows 3% a year, 5% to sell. Adela can run it with real numbers for your area.
5 years of housing costs
Rent 40%Owning costs 60%
Dre saysBuying wins here. And no landlord says no to cats.
Estimates only, not financial advice. Your lender and lawyer confirm the final numbers.