The Cost of Renting vs. Buying This Spring [INFOGRAPHIC]

While it is true that renting doesn’t earn you any capital, it can actually be a cost-effective way to live in a city like Toronto where buying a home can be pricey. Depending on your income and how much you can put towards the cost of a home, the cost of rent could be lower than a mortgage payment in some cases.

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The Cost of Renting vs. Buying This spring [infographic] friday May 3rd, 2019 tuesday april 30th, 2019 simplify First time home buyers , For Buyers , For Sellers , Housing Market Updates , Infographics , Move-Up Buyers , Rent vs. Buy

A quick rent vs. buy comparison could be done using the price-to-rent ratio. Price-to-rent ratio is calculated by dividing the home value by the annual rent amount. Generally speaking, if the price-to- rent ratio is less than 20, buying might be a better option. On the other hand, if the ratio is greater than 20, renting might be better.

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The Cost of Renting vs. Buying This Spring [INFOGRAPHIC] Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.

The Cost of Renting vs. Buying a Home [INFOGRAPHIC] Re-Post By If you are renting and think you can’t afford a home think again! Check out the cost of renting vs buying in the US real estate market.

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Practically, buying a house needs to be planned carefully up to the. maintenance personnel who’d take good care of their.

Historically, the choice of renting or buying a home has been a tough. find out if you can put your housing costs to work by buying this year!

Buying vs Renting: Which is Better for Where You Live? And while working families can claim back up to 85 per cent of their childcare costs, they must find the. payments aren’t.