Head Office:  12598 Hwy 50, Bolton, On  L7E 2T6 (Behind Tim Horton's at South End)

Branch office: 2185 Adjala/Tecumseth Townline New TecumsethON   L0G 1W0


 

Office: 416-400-6599    Toll-Free: 1-888-657-6599    

 

 

Renting vs Home Ownership

Renting vs. Home Ownership This is a decision which many people face, and the decision is not as easy to make as it may sound.

As a homeowner, you can reasonably expect the equity in your home to increase over time as your mortgage is paid down. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net worth. In contrast, the person renting over the same amount of time is left with no property investment but may have enjoyed lower living expenses and the opportunity to invest in other opportunities.

When comparing owning to renting, you have to add up all of the figures, including the cost of your home, the size of your down payment, utilities, immediate repairs, interest rates and insurance, and compare them with how much you are currently spending on rent.

Of course, you also have to place a value on the enjoyment and satisfaction that you will derive from owning your own home.

 

Featured Listings

Head Office:
12598 Hwy 50
Bolton, ON L7E 2E6
(behind Tim Horton's, South hill)

 

Branch Office:
2185 Adjala-Tecumseth Townline
Tottenham, ON  L0G 1W0

 
 
Office: 416-400-6599
Toll-Free: 1-888-657-6599
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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 7/24/2017 9:34:23 PM