Wednesday, August 14, 2024 / by Matthew Daniel Tamburello
HomeBuyers: In-depth comparison - Renting vs. Buying!
Matthew Daniel Tamburello
Team Leader & Broker
Trinity Real Estate Consultants
647-697-6743
matthewdanieltamburello@gmail.com
Introduction
There is an ongoing debate between people, especially in Toronto where rent prices are astronomical and increasing and home prices are increasing, about whether it is better to rent or to buy. Toronto has been recognized as one of the most expensive and unaffordable cities in the world. The average price for rent makes Toronto one of the most comparably expensive cities in Canada for renters. All of this has been made worse as the housing market in the City of Toronto and the Greater Toronto Area (GTA) have grown and more people are moving to Toronto and the Greater Toronto Area. This makes it harder to determine whether it is better to rent or buy in Toronto since whether you are renting or looking to buy in Toronto or the Greater Toronto Area (GTA), chances are that you are going to be spending a lot of money each month on . ...