For investors & house hackers
Punch in the price, the rent, and the carrying costs to see your monthly cash flow, cap rate, cash-on-cash return, and whether the rent covers the mortgage. This is the math I run before I buy anything.
For illustration only. Estimates based on the numbers you enter, with mortgage payments calculated using the Canadian semi-annual compounding convention. Cash invested assumes your down payment plus estimated land transfer tax and roughly $2,500 in legal and inspection costs. A down payment under 20% generally requires an owner-occupied, CMHC-insured purchase (for example, living in one unit of a duplex), and the premium is not modelled here. This is not financial, investment, or tax advice; returns are not guaranteed. Verify every figure before making an offer. Zak Abdelnour, Broker, Saigal Realty Inc., Brokerage.