Rental Calculator
Make informed decisions about your rental with our comprehensive calculators. Whether you're a tenant or landlord, we've got you covered.
Rental Cost Calculator
Calculate the total cost of renting a property including all fees and utilities.
Rental Cost Tips
- • Ontario average rent is $2,200-2,800 for 1-2 bedrooms
- • Utilities typically $150-250/month in Ontario
- • Security deposits are limited to 1 month's rent
- • Pet fees vary widely - some landlords don't charge
- • Rent control applies to buildings occupied before 2018
Affordability Guidelines
- • Ontario rent should not exceed 30% of income
- • Aim for 25% for better financial flexibility
- • Consider debt-to-income ratio below 43%
- • Maintain 3-6 months emergency savings
- • Factor in Ontario's high cost of living
Investment Metrics
- • Cap Rate: 6-8% is generally good
- • Cash-on-Cash: 8-12% is ideal
- • Positive cash flow is essential
- • Consider property appreciation
- • Factor in maintenance costs