Rent or buy? Here's how to decide what's best for you — via financialpost Rent Buy homebuyers goals
The answer is difficult because it really depends on who’s asking. First-time homebuyers have to consider what makes the most sense to them in their current stage of life.
“If you look backwards, there’s been this huge growth in equity price appreciation,” Dunning said in an interview. “But at the time I did the analysis, you don’t need to make assumptions about that in order to justify purchase, you can justify purchase just based on comparing the monthly costs,” he added. “If you’ve got an expectation that prices are not going to go anywhere at that time, you can still make a decision to buy a home on a financial basis.
There comes a certain point where a renter does not want to be a renter anymore, and it's not necessarily because they see a house as an investmentThere are also costs to homeownership of which people should be wary, said Nasma Ali, founder and chief executive officer at One Group Toronto Real Estate.
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