What rent does a $1,175,000 rental need in Canada?

About $7,775/month CAD to break even, and $8,000/month for $200 of monthly cash flow — with 20% down at a 5% rate.

Assumes typical costs: property tax 0.8% and insurance 0.35000000000000003% of the price per year, 5% vacancy, 10% of rent for repairs, and a 25-year amortization with semi-annual compounding. Plug in your real numbers on the right.

Rate	20% down: break even / +$200	25% down: break even / +$200
4%	$7,150 / $7,400	$6,800 / $7,025
4.5%	$7,450 / $7,700	$7,075 / $7,300
5%	$7,775 / $8,000	$7,375 / $7,600
5.5%	$8,075 / $8,325	$7,675 / $7,900

The 1% rule would ask for $11,750/month. It's a quick screen only — taxes, insurance and the rate decide the real answer.

Quick check

Canada · CAD

Price$Rent / mo$Down payment%Interest rate%

Monthly cash flow

$207/mo

Preliminary verdict

Proceed with caution

Cash flow is positive, but the cushion over the mortgage is thin.

Cash flow: $207/mo
Cap rate: 5.79%
DSCR: 1.04

Counted

Mortgage (25-yr, semi-annual compounding), property tax ~0.8%/yr, insurance ~0.35%/yr, 5% vacancy, 10% of rent for repairs.

Not counted yet

Land transfer tax, legal fees, condo fees, a property manager, and your actual tax and insurance quotes. Add them in the full analysis.

How we calculate · An estimate to screen deals, not financial advice.

Other prices

$1,100,000 $1,125,000 $1,150,000 $1,200,000 All prices US version