Rent vs. Own
See what your rent could be building instead — based on real Calgary prices and current rates.
What that money has actually done
Total rent paid
$64,800
gone for good · $0 equity
Equity you could have built
$47,600
same payment, 3 years
So what could that buy?
Home price your payment supports
$416,000
at today's rate, plus your savings toward the down payment
Apartment
Up to $320K
Townhome
$320K–$480K
Detached
$480K+
Why this matters
Every rent payment goes to your landlord's mortgage, not yours. The same dollars, redirected, build equity that's yours to keep — and that's before any home value growth is even counted.
Estimates only, for illustrative purposes. Actual mortgage qualification depends on income, credit, debt obligations, and lender requirements. Does not constitute financial or mortgage advice. Speak with a licensed mortgage professional before making a purchase decision.