This is a question that many Canadians ask themselves before entering the housing market. Home ownership can be advantageous in several ways. An owner has more stability and flexibility than a renter, as there is no landlord imposing restrictions or timelines. There are also financial benefits to owning your own home.
In an effort to better understand the long-term financial advantages of buying versus renting, Royal LePage sponsored research by Will Dunning, an independent and well-known economist who has specialized in housing market research since 1982 (full report). The research report compares the costs of owning and renting in four different ways:
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Rent vs Buy