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1. globalnews.ca › news › 8757850Should you rent or buy a home? Why that calculation might be ...

   globalnews.ca › news › 8757850

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   Apr 14, 2022 · In Canada, about 30 per cent of residents rent their homes — but not necessarily by choice.

   • Author: Rachel Gilmore

2. www.moneysense.ca › spend › real-estateWhy is rent so expensive in Canada? - MoneySense

   www.moneysense.ca › spend › real-estate

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   Sep 17, 2024 · Rent is expensive in Canada, and there’s no sign that it’s going to get cheaper any time soon. According to recent data, rent prices have been on the rise, outpacing wage growth and making it...

3. stories.td.com › article › renting-vs-buying-canadaCanada’s real estate market 2024 | TD Stories

   stories.td.com › article › renting-vs-buying-canada

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   May 8, 2024 · In 2023, the rental market was strong across Canada. Not only did the country experience one of the lowest vacancy rates at 1.5% – according to data from Canada Mortgage and Housing Corporation (CMHC) – but it became more expensive to rent, too.

4. www.ratehub.ca › blog › rent-vs-buy-canadaRent vs. buy: When is a mortgage better than rent in Canada?

   www.ratehub.ca › blog › rent-vs-buy-canada

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   May 9, 2024 · Here are some of the advantages of both renting and buying a home that take into account both lifestyle and financial issues. Flexibility: Renting doesn’t tie you down in any way. If you plan to move soon, or regularly throughout your life, renting lets you move out of a place as soon as your initial lease is over, typically 12 months.

   • Categories: Mortgages

   • Tags: rent rent vs. buy

5. www.darylking.ca › rent-or-buy-unraveling-canadasTo Rent or to Buy? Solving Canada’s Housing Question for 2024

   www.darylking.ca › rent-or-buy-unraveling-canadas

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   Feb 15, 2024 · The disparity between renting and buying in Ontario, especially in the GTA, presents a unique case. For condos, the national average rent stands at $2,340, closely matched by a monthly mortgage payment of $2,417, showcasing the narrowing gap in affordability.

6. www.ctvnews.ca › business › buying-vs-renting-shouldHousing in Canada: Should you buy or rent a home? | CTV News

   www.ctvnews.ca › business › buying-vs-renting-should

   Aug 2, 2022 · It’s easy to see the benefits of owning a home instead of renting, as buying a house can help build equity so that you’re not wasting money on rent. There can also be a feeling of comfort and...

7. People also ask

   Should you buy or rent a house in Canada?

   • Buying a house, on the other hand, involves large upfront costs, while the proceeds are put off years into the future, and are thus worth less in today’s dollar. This acts to increase home ownership costs relative to renting. Some Canadians have been questioning whether they can — or should — take the plunge from renting a home to buying one.

   Should you rent or buy a home? Why that calculation might be changing

   globalnews.ca/news/8757850/housing-rent-own-equity-investment/

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   What is the difference between renting and buying in Ontario?

   • The disparity between renting and buying in Ontario, especially in the GTA, presents a unique case. For condos, the national average rent stands at $2,340, closely matched by a monthly mortgage payment of $2,417, showcasing the narrowing gap in affordability.

   To Rent or to Buy? Solving Canada’s Housing Question for 2024

   www.darylking.ca/rent-or-buy-unraveling-canadas-housing-dilemma-in-2024/

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   Is buying a Home Affordable in Ontario?

   • Contrastingly, in markets like Winnipeg, Regina, and Quebec City, buying has become comparably affordable, with monthly mortgage payments closely aligning with, or even falling below, average rents. Kingston emerges as the most affordable Ontario market for buying, presenting an opportunity for those considering homeownership over renting.

   To Rent or to Buy? Solving Canada’s Housing Question for 2024

   www.darylking.ca/rent-or-buy-unraveling-canadas-housing-dilemma-in-2024/

   See all results for this question

   Is renting a good idea in Canada?

   • Renting gets a bad rap, especially in Canada. Many of us believe that investing in a house is one of the best financial decisions you can make, given that it helps build wealth. That belief has largely been correct, as housing prices have seen unprecedented growth in the last decade.

   Housing in Canada: Should you buy or rent a home? | CTV News

   www.ctvnews.ca/business/buying-vs-renting-should-the-ultimate-goal-be-to-own-real-estate-1.6011351

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   Why is rental housing so expensive in Canada?

   • A variety of factors have contributed to the high cost of housing, particularly rentals. Here are a few of the main factors: Demand greater than supply: The appetite for rental housing in Canada has been growing faster than the supply for years, which has resulted in a very competitive rental market and, therefore, increasing prices.

   Why is rent so expensive in Canada? - MoneySense

   www.moneysense.ca/spend/real-estate/renting/why-is-rent-so-expensive-in-canada/

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   Why are rents rising in Canada?

   • According to recent data, rent prices have been on the rise, outpacing wage growth and making it increasingly difficult for people to afford suitable housing. In fact, CBC’s The Fifth Estate found that between 2014 and 2019, rents across Canada increased almost 20% while incomes remained relatively stagnant.

   Why is rent so expensive in Canada? - MoneySense

   www.moneysense.ca/spend/real-estate/renting/why-is-rent-so-expensive-in-canada/

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8. www.thestar.com › life › home-and-gardenHousing in Ontario: Is it better to buy or rent right now?

   www.thestar.com › life › home-and-garden

   Mar 31, 2023 · With that said, here are some tips for deciding what to do: Crunch your numbers and have a budget you are comfortable with. Be honest about how much you can afford, and see how that compares to...