“Owning a Home Officially Cheaper Than Renting, Report Says” via Insauga

It’s no secret that renting is expensive, but the astronomical increases are—believe it or not—working to ensure that renting is no longer (or at least rarely) a cheaper alternative to homeownership.

As rent prices increase, homeownership may actually be your best bet.

Earlier this month, Mortgage Professionals Canada released their comparative report, Owning versus Renting a Home in Canada.

In the report, Will Dunning, Mortgage Professionals Canada’s Chief Economist, looks at the expected costs of Canadians who rent versus Canadians who own their homes.


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