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Rent vs Buy Calculator Alberta | Shawn Selanders Mortgage Broker
Alberta Comparison Tool

Rent vs. Buy

See the real cost of renting vs. building equity over 10 years

Your Numbers

Renting
$
3%

Alberta average: 3–5% per year

Buying
$
10% ($42,000)

CMHC insurance applies under 20%

4.89%
25 years
3%/yr

Alberta long-term average: 3–4%

Ownership Costs
$
$

Rule of thumb: 1% of home value

$

Monthly Cost Comparison

Renting

$1,800

per month · builds $0 equity

Owning

$2,800

per month · builds equity every payment

10-Year Projection

Equity built (owning) vs. money spent (renting)

Home Equity (yours)
Rent Spent (gone)

5-Year Equity

5-Year Rent Spent

Money you'll never see again

10-Year Equity

10-Year Rent Spent

Zero equity. Zero return.

The Bottom Line

The question isn't whether you can afford to buy. It's whether you can afford not to.

Call or Text: 403-703-6847 Get Pre-Approved — Free & No Obligation →

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This calculator provides estimates for illustration purposes only and does not constitute mortgage or financial advice. Actual costs, rates, and home values will vary. Property appreciation is not guaranteed. Consult a licensed mortgage broker for your specific situation. Shawn Selanders — RECA Licensed Mortgage Broker — Your Local Mortgage Professionals. 403-703-6847 | Shawn@ShawnSelanders.ca | www.ShawnSelanders.ca