Renting vs buying a property

We can hand you the keys to owning a property.

Are you hesitating on becoming a homeowner? Perhaps you need to take a closer look at the advantages. Yes, there are challenges that cannot be ignored too. Let’s take a look. Compared to renting, there are many advantages to buying, the most important being that you’re investing in capital for about the same price as rent. Instead of paying monthly rent, which offers no return on investment, buying a home offers returns. Plus, once your mortgage is paid off, you will no longer have to pay for housing, with the exception of municipal and school taxes. You’ll be able to enjoy your retirement.

The advantages of buying

It belongs to you

Transform your home to your taste, your lifestyle, your heart’s desire. 

When you own the property, you don’t have to move when a member of the owner’s family decides they want to move in

A mortgage isn’t forever

Home equity means long-term financial benefits

Leverage your first home

We all need to start somewhere. A starter home can bring you one step closer to the house of your dreams. Baby steps can lead to big things whether it’s a bigger house or to finance a project you’ve always dreamed of doing.

Remember, you can leverage the value of your property to:

It’s like having a forced savings plan

As an owner, you’ll see lifetime advantages. Rent is simply an expense, nothing more.

Tempted yet? 

Talk to a Mortgage Intelligence broker. We can help you find a property for the same price you pay in rent. Don’t believe us? Let your numbers do the talking!

The “cons” of ownership

It’s not a question of money

Use your RRSP’s to become a homeowner!

Have RRSP’s and want to become an owner? Take advantage of the federal Home Buyer’s Plan (HBP) allowing you to withdraw up to $25,000 to buy your first property, tax-free. Find out more about HBP here.

 Get your perfect mortgage remotely

Informative Videos