One of the biggest financial decisions you can make is whether to rent or buy your home or condo. The best way to prepare is to meet with a financial advisor to discuss your plans.
Your advisor can review your financial situation with you and calculate the extra costs of owning, including:
- property taxes
- closing costs
- deposits and down payments
- mortgage insurance
- maintenance fees
- and more.
In the meantime, these calculators below can help you start to compare renting to owning.
Global News Rent or Own Calculator, Scotiabank Rent or Own Calculator, National Bank Rent or Own Calculator, MD Financial Management Rent or Own Calculator