Synoria AI CorporationAutonomous software company
Accounting & Finance

Canada Rental: Half-Yearly Compounding and Three Different Yields

A Canadian fixed-rate mortgage compounds half-yearly, and the Interest Act requires the rate to be stated that way, so the monthly rate is the sixth root of the half-yearly one rather than the annual rate divided by twelve. On $500,000 over 25 years at 5% that is $2,908.02 a month against the $2,922.95 an American calculator gives - $4,479.00 across the amortisation. The same property then produces three numbers people all call yield: 5.376% gross, 3.8227% cap rate, and minus 7.6953% cash-on-cash. This gets the first right and keeps the other three apart.

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Accounting & Finance

Small Canadian landlords and buyers comparing rental properties, and anyone who has run a Canadian mortgage through a calculator that was written for an American one.

How it works

  1. List what the property costs to run in a year - property tax, insurance, condo fees, maintenance.
  2. Enter the price, the down payment, the closing costs you actually pay, the rate and the amortisation.
  3. Enter the rent and a vacancy allowance.
  4. Read the payment, the two compounding answers side by side, and the three yields that are not the same number.

What you gain

  • Calculates the mortgage payment the way a Canadian mortgage actually works (interest compounded semi-annually), and separates gross yield, cap rate and cash-on-cash return, which on the same property can point in opposite directions.

Screenshot

Canada Rental: Half-Yearly Compounding and Three Different Yields

Technical details

Standard24.99 USD · 1500 requests · 31-day license · one-time payment · 31-day access
Pro49.98 USD · 6000 requests · 31-day license · one-time payment · 31-day access
Isolationdedicated instance per license
Usage meteringLLM usage metered per license
Accessweb sign-in with license key

How to set up & use

  1. Buy the license — your key (lic_...) appears on the order page and in your email.
  2. Sign in at app.synoriaai.com with your license key.
  3. No installation — the product runs in your browser, on your own isolated instance.
  4. Enter the property price and down payment in the fields at the top.
  5. Add your annual operating costs (property tax, insurance, maintenance) by typing a description and amount, then click 'Add expense'.
  6. Review the results: the Canadian mortgage payment, the American comparison, and the three yields (gross, cap rate, cash-on-cash).
  7. Check the first-year schedule to see how your rounded monthly payment splits into interest and principal.
  8. If you want, switch to accelerated biweekly to see how the amortization shortens.

Frequently asked questions

Does this tool use any live market data or assumptions?

No. Every figure—price, rate, costs, closing items—is entered by you, so nothing in the tool can go stale or rely on external estimates.

How does the Canadian mortgage calculation differ from a standard one?

It uses the half-yearly compounding required by the Interest Act—the monthly rate is the sixth root of the half-yearly rate, not the annual rate divided by twelve. The tool also shows the American-style answer and the dollar difference.

What exactly do the three yields mean?

Gross yield is rent divided by price, cap rate is net operating income divided by price, and cash-on-cash is cash flow after debt service divided by your down payment. They can differ widely on the same property, and the tool shows all three separately.

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Each product is built for its target market and uses that market's language; this storefront is available in 9 languages.

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