Buying versus renting comparison, to rent or to own?

If your choice to rent is based purely on financial consideration you may be surprised to learn that the cost of home ownership is lower than the cost of renting. And you do not have to move out of the city, that's right. if you live in Mississauga, Brampton, Oakville, Toronto or any city in Canada you can stay in the city you love but I will definitely prefer if you stay in the quadrant made from Toronto to Oakville and from Mississauga to Brampton

The only advantage in renting is that you need less cash (down payment) and this is not always the case when you take in consideration that you can use as little as 5% as a down payment on a house and if you have a spotless credit ZERO DOWN PAYMENT .... YES you read right "Zero Down Payment".... It gets better... if you are a first time home buyer or you have not owned a house for five years, you can borrow from your RRSP up to $20,000 interest free, a couple each with their RRSP can borrow up to $40,000 and that could be a down payment for a house worth $ 350.000.

By now you probably are wandering if it is true and how it is possible, Well here are the tools to check if you should RENT or BUY, the calculator below will help you figure out your own situation and once you decide request a list of properties that will fit y

This calculator is offered as an illustration only.

Some of the values are preset based on current inflation rate and various taxes, they may change without notice and neither the accuracy of calculation is guaranteed, hence results may not be applicable for the purpose intended by the user. The amortization period can be changed to reflect your preference but it is set not to exceed 30 years; just fill in the white fields, the calculator will automatically compute and let you know if you should Rent or Buy.

If the calculator should not appear look at the browser tool bar and press "allow blocked items""

Now you have found what is best for you, send me the form below and I will send you a list of houses, either, detached or semi, townhouses or condominium apartments in either Mississauga, Brampton, Oakville, Milton or Toronto available for Sale or Rent. You will receive a quick response usually within 24 or 48 hrs

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Tel. Mississauga, Oakville 905-567-7743 - Toronto, Vaughan and Surrounding areas 416-987-7743

Member of Toronto Real Estate Board, Ontario Real Estate Association and Canadian Real Estate Association

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