Скачать или смотреть Why can I afford rent but can’t get a mortgage? (it’s not just the down payment) | Knowledge Gap

Wondering why you’re allowed to pay thousands in rent but can’t get a similar mortgage?

It’s not just the down payment.

If you're paying $2,500 a month in rent but can’t qualify for a mortgage with the same monthly cost, you’re not alone. TVO’s new series, Knowledge Gap, breaks down the cost of buying a home in Canada—way beyond just your down payment.

If you’re comparing renting vs buying in 2025, budgeting for a first home, or just trying to make sense of housing costs in Ontario, this video lays it all out.

0:00 Introduction
0:12 Rent vs Mortgage
0:33 Mortgage Default Insurance
1:01 Interest
1:10 Closing Costs
1:33 Property Taxes
1:48 Condo Fees
2:10 Utilities and Maintenance
2:29 Benefits of Renting
3:03 Benefits of Owning
3:20 Conclusion

About Knowledge Gap
There are so many things you learn in school. How to do algebra, how to spell ‘rollercoaster’, why mitochondria is the powerhouse of the cell. That’s all well and good, but school doesn’t teach you everything. Sometimes there are things you wish you were taught but weren’t (“adulting” topics) because you can’t possibly learn everything you’ll need in life before graduation. And maybe there are things you were taught but didn’t listen to. (I mean, who really cared about percentages until they had to calculate tip at a restaurant?)?

That’s where we come in!?

“Knowledge Gap” aims to fill in the stuff you didn’t learn - or didn’t want to learn - in school by giving viewers crash courses on topics to help them navigate and understand the grown-up world they now live in.

#rent #homeower #mortgageapproval #rentingvsowning #firsttimehomebuyer #ontariorealestate #KnowledgeGap #TVO