What rent does a $450,000 rental need in Canada?

About $2,975/month CAD to break even, and $3,225/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%	$2,750 / $2,975	$2,600 / $2,850
4.5%	$2,875 / $3,100	$2,725 / $2,950
5%	$2,975 / $3,225	$2,825 / $3,075
5.5%	$3,100 / $3,350	$2,950 / $3,175

The 1% rule would ask for $4,500/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

$216/mo

Preliminary verdict

Proceed with caution

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

Cash flow: $216/mo
Cap rate: 6.16%
DSCR: 1.10

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

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