Lease or purchase.

Is it smarter to purchase, or keep leasing and invest the difference? See how the two paths stack up over time.

If you purchase

Home, mortgage and yearly costs.

Home price

Down payment

Interest rate

Amortization

Home price growth per year

Long-term Canadian average is roughly 3%–5%

Buying costs

Land transfer tax, legal, inspection

Property tax + insurance (per year)

Repairs (% of price per year)

Selling costs when you sell

Commission, legal, HST on commission

If you lease

The person leasing invests the down payment and any monthly savings.

Lease payment (per month)

Lease increase per year

Ontario guideline is about 2.5% for most units

Investment return per year

After fees. Be conservative.

How many years

years

Between 1 and 30

Estimates only. Rates, rules and fees change and your lender, lawyer and tax adviser have the final word — please confirm before you rely on any number. A simplified model: it ignores taxes on investment gains, mortgage renewals at other rates and changes in your life. The principal residence is generally free of capital gains tax in Canada.

Want a real number for your situation?

Cheryl & Charlie will run it with you — free, no pressure.

Call 905-442-4062 Email us

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Keep going. Every calculator is free and built for Ontario.

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Know your numbers? Now see your price range.

Answer five quick questions and see how much home you could afford in Durham Region. Then book a free 20-minute buyer game plan with Cheryl and Charlie.

Try the quiz Buying new? Bring your own agent