Renting vs. buying

Choice

Today you’ll find more choice of rental accommodation than ever before – as well as more amenities and flexible housing styles.

Location

When considering cost, don’t forget the cost of commuting to work. Often rental properties are more central for jobs, amenities and transit than homes in suburban communities. And if you want to be right downtown in a major metropolitan area, renting is almost always more affordable than owning a condo.

Space

Apartment units are typically larger than comparable suite types in new condominium properties.

Simplicity

Compared to owning a home, rental living is easy:

Savings

Renting leaves you more disposable income for things like travel, recreation or buying a vacation home:

Flexibility

When you rent, you can pack up and leave at the end of your lease, without having to find a buyer and wait for the sale to close. 


Source: Realstar.ca