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Cost of RENTING vs. BUYING in TORONTO | How much does it really cost to RENT vs. BUY??

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Описание к видео Cost of RENTING vs. BUYING in TORONTO | How much does it really cost to RENT vs. BUY??

On this video, I break down what it costs to rent a condo in Toronto vs. what it would cost to buy a condo in Toronto!

One thing to remember is that you can't compare rental payment to a mortgage payment. This way of thinking about the rent versus buy decision is not accurate. Comparing a mortgage payment to rent is not an apples to apples comparison. In order to properly assess the rent versus buy decision, we need to compare the total unrecoverable costs of renting to the total unrecoverable costs of owning. Please keep this in mind!

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