The gap between homes
Your current home and the home you want can move at different rates. A declining market can sometimes narrow the cost of moving up, even if you sell for less.
Move now, or wait?
See the price gap, estimated mortgage payments and buying and selling costs together. Try a few scenarios, then send me your comparison for a review tailored to your move.
Free to use. View your comparison before sharing your details.
Explore my next move Market-rate context
Retrieving official indicators…
Bank of Canada statistical data, not mortgage offers or predictions. Source.
Your two homes
Pre-filled figures are fictional examples, not a valuation. Replace them with your own assumptions.
What might change?
These are your scenarios, not market forecasts.
Wait before moving
Try different assumptions. If detached and condominium prices change at different rates, the gap between selling one and buying the other may widen or narrow.
Financing
Explore fixed and variable products separately.
The existing mortgage is modelled as fixed, with semi-annual compounding and monthly payments. If yours is variable, use a lender-reviewed comparison instead. The choices below apply to the new mortgage.
Mortgage details
Transaction costs & assumptions
The calculator adds estimated GST to the editable selling commission and uses the existing B.C. resale property transfer tax calculation. Estimated mortgage default-insurance premiums are added for eligible resale scenarios below 20% down, using equity or savings. This assumes an ordinary residential resale and purchase price equal to fair market value. Exemptions, additional foreign-buyer transfer tax, new-home GST and personal tax matters are not modelled. Confirm actual quotes and eligibility.
Scenario results
Scenario updated. Price-gap change −$84,000. Initial monthly payment difference −$893. Month 13 payment if moving now $6,638.
The gap between the homes
−$84,000
In this scenario, the price difference narrows if you wait. This is before financing and transaction costs.
Move now · price gap
$600,000
After 12 months
$516,000
Your mortgage comparison
Monthly if moving now
$6,638
Monthly if moving later
$5,746
Monthly payment difference−$893
First payments of two mortgages starting on different dates; not a total cost-of-waiting figure.
Mortgage needed now
$1,199,400
Mortgage needed later
$1,092,303
First five years after each purchase
These mortgages start on different dates. The figures below show each loan's rate path, not the complete cost of waiting.
- Month 13 payment
- Move now$6,638Move later$5,746
- Interest over 60 months
- Move now$251,931Move later$203,334
- Balance after 60 months
- Move now$1,053,030Move later$950,893
See the costs behind the calculation
Net sale proceeds now
$1,048,100
Net sale proceeds later
$1,019,237
B.C. transfer tax now
$44,000
B.C. transfer tax later
$40,040
Insurance premium now
$0
Insurance premium later
$0
How to interpret this
- • The annual price changes and future interest rate are hypothetical. They are not forecasts for your property.
- • Fixed rates stay constant over the illustrated five-year term. Variable products can have adjustable or fixed payments. The assumed variable rate changes in month 13; fixed-payment products may face lender trigger interventions that this simulation cannot predict.
- • This excludes ownership costs while waiting, rent, opportunity cost, refinancing eligibility and some taxes. It does not determine whether you should move.
- • Mortgage approval depends on qualification, property eligibility and a lender's actual offer. OSFI qualifying rate guidance.
Make these numbers about your move
Your home, your next purchase and your financing each change the picture. Send me your comparison and I’ll help you identify which assumptions need checking before you decide.
For North and West Vancouver homeowners. Generic price assumptions are not substitutes for a property-specific valuation. Results are estimates, not professional lending, tax or investment advice.
Full results are available without entering contact details. Financial inputs stay in your browser unless you explicitly request a review; then the submitted scenario is shared to respond to that request. Privacy details.
How to use the comparison
Look at the whole move, not just the mortgage rate
Fixed versus variable
Five-year fixed rates respond partly to bond-market conditions; variable products respond more directly to lenders' prime rates. Neither follows the Bank of Canada's overnight rate mechanically.
The transaction costs
Selling fees, mortgage penalties, property transfer tax and required cash can change the decision. The calculator lets you test estimates, but a lender and legal professional must confirm the actual terms.
This is an educational scenario comparison, not a prediction of North or West Vancouver property values. For current lending rules see OSFI; for property transfer tax see the B.C. government.
Alex Mackenzie, REALTOR® · Royal LePage Sussex · Top 2% in Canada (Team), 2025 — Royal LePage National Award, team member.