Rent Or Buy-Canadian Real Estate Market PricesA recent BMO report challenges the notion that Canadian Home prices are overvalued versus the cost of renting a Home.
Should someone in today's Real Estate Market choose to rent or buy?
Om a national basis, home ownership looks only moderately expensive when compare to renting but differences occur on a more regional basis.
Here are a few of the Regional difference in Home owndership across Canada:
- Toronto Homes and Condos for sale appear only slightly overvalued compared to historic norms.
- Calgary Homes for sale and rent prices as well are rising in stable manner.
- Vancouver Homes and Condos for sale are starting to lower from higher levels.
Iris Li is a Toronto Condos Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts. Call now for a scheduled showing of these properties.
Updated & Revised July 2016!