Exactly the same here, we were renting up until 2018 at 900$CAD/month. Our mortgage is 950$CAD/month and our old apartment is now 1200$CAD/month. All expenses included, it’s s more expensive to rent than to own.
First time buyers can’t hardly get a mortgage now unless you were stashing cash or staying at your parents’ for a while.
Exactly the same here, we were renting up until 2018 at 900$CAD/month. Our mortgage is 950$CAD/month and our old apartment is now 1200$CAD/month. All expenses included, it’s s more expensive to rent than to own.
First time buyers can’t hardly get a mortgage now unless you were stashing cash or staying at your parents’ for a while.