With all the media coverage we have been seeing as of late about growing inflation, the rising cost of living, and high mortgage interest rates, the question of whether to rent or buy in Ontario is increasingly relevant.
We expect the inflation rate to fluctuate, and we know that the market is always shifting. And while this is certainly a key factor to reflect on when deciding whether to buy or rent, it is not the only one; your financial circumstances, goals, priorities, and preferences are also important, and will be key considerations as you work toward making an informed decision that’s right for you.Crunch your numbers and have a budget you are comfortable with.
Retirement in Canada requires you to build home equity. Full stop.
Given the LTB is utterly inept, the choice is easy - “rent” but don’t actually pay your landlord for a year, then do it again.