Rent or buy? In Canada’s broken housing market, the real choice is between freedom or stability

Some new homeowners were under the false impression that buying a home was a way to stabilize housing costs, only to learn the hard way they’ve effectively been renting all along and their landlord is the bank. As housing pricesfrom their peak in February, many have found themselves underwater on their mortgages, where they owe more than what their home is worth, as their home values declined.

And while most people seem determined not to admit the truth, it is still cheaper to rent than own in most Canadian cities. But renting provides other benefits – chiefly lower costs. As a renter, you won’t have to pay for upkeep and maintenance, for renovations or property taxes. Renters also have more flexibility and the freedom to move for a job or a partner. Which choice will serve you best depends on your personality and stage of life, as much as your money.

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Back to School, Back to the Harsh Realities of the Rental MarketAs elusive as affordablehousing can be in Vancouver, it's especially challenging for students. CanadaHomeShare | housing housingmarket realestate realestatenews BCpoli
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Interest rate hike to ‘intensify’ Canada’s housing market downturnSince the Bank of Canada started lifting interest rates from the low of 0.25 per cent in March, home sales have plunged along with home prices Good ikwilson Just in case y'all haven't figured it out yet this is all part of the plan so you better start thinking outside the box how you're going to pay your mortgages you better start renting rooms you better start making a paycheck from your house if you want to keep up on your mortgage
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