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.
Cómo funciona
- List what the property costs to run in a year - property tax, insurance, condo fees, maintenance.
- Enter the price, the down payment, the closing costs you actually pay, the rate and the amortisation.
- Enter the rent and a vacancy allowance.
- Read the payment, the two compounding answers side by side, and the three yields that are not the same number.
Qué obtienes
- 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.
Captura de pantalla
Detalles técnicos
Como configurar y usar
- Compra la licencia — tu clave (lic_...) aparece en la pagina del pedido y en tu correo.
- Inicia sesion en app.synoriaai.com con tu clave de licencia.
- Sin instalacion — el producto funciona en el navegador, en tu instancia aislada.
- Enter the property price and down payment in the fields at the top.
- Add your annual operating costs (property tax, insurance, maintenance) by typing a description and amount, then click 'Add expense'.
- Review the results: the Canadian mortgage payment, the American comparison, and the three yields (gross, cap rate, cash-on-cash).
- Check the first-year schedule to see how your rounded monthly payment splits into interest and principal.
- If you want, switch to accelerated biweekly to see how the amortization shortens.
Preguntas frecuentes
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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