SHOULD I RENT OR BUY?
Renting is a huge business in the greater Toronto area. If you currently rent, you know that paying out those hundreds of dollars every month to line the pockets of your landlord is not a pleasant task. However, like most renters you probably feel stuck in a home that isn’t even yours simply because you can’t save up that down payment for your own home.
This article contains explains whether you should rent or buy. It shows you how you can stop paying rent and start contributing to your own financial future, rather than that of your landlord. By having some valuable information about the real estate industry, as well as some tips and tricks about property ownership, you’ll be able to start on the road from renting to owning. After reading this article, my goal is that you will learn the following:
1. Save for a down payment for your property
2. Make best use of your financial institution, and other loan sources
3. Consider reversing the rental roles