What rent does a $950,000 rental need in Canada?
About $6,275/month CAD to break even, and $6,525/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% | $5,775 / $6,025 | $5,500 / $5,725 |
| 4.5% | $6,025 / $6,275 | $5,725 / $5,950 |
| 5% | $6,275 / $6,525 | $5,950 / $6,200 |
| 5.5% | $6,550 / $6,775 | $6,200 / $6,425 |
The 1% rule would ask for $9,500/month. It's a quick screen only — taxes, insurance and the rate decide the real answer.
Quick check
Canada · CAD
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
- 5.86%
- DSCR
- 1.05
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
Related: rental property calculator · DSCR calculator · cap rate calculator