Stress-test at contract + 2% · not a lender · 2026 kitchen-table edition

Stay on a lease, or take the keys?

City, rent, price, rate. You get a monthly comparison, a break-even year, and whether the mortgage would pass a typical Canadian stress test. Estimates, not a pre-approval.

A · The place

City

Monthly rent Home price

Down payment % Mortgage rate %

Amortization, years Horizon, years

B · Carrying costs

Property tax rate % City default fills this Condo / strata / month

Maintenance % of price / year Home insurance / year

Closing costs (legal, inspection, land transfer)

C · What you assume

Home price growth % / year Rent growth % / year

If you rent, invest the down payment at % Gross household income For the stress test only

Lease or Keys is not a mortgage broker, realtor, or tax advice. CMHC insurance, land-transfer tax rebates, first-home GST/HST new-housing rebates, and municipal levies are simplified. The stress test uses the greater of contract + 2% or 5.25%, which is the typical federally regulated rule — confirm with your lender. Selling costs at the end are assumed at 4% (commission + legal).