My friend Joe Sammut at Mortgage Architects put together this handy comparison of what you could afford to purchase with the same amount you pas as rent.
Just note that this is just a one-to-one comparison of rent to mortgage amount. You would likely need to factor in maintenance fees (either for a condo or a house), property taxes, land transfer tax, lawyers, etc, when buying a new home. That been said, a house is an appreciating asset. And the rent you’re paying…you’ll never see again.