Let’s face it, renting in Vancouver can be really expensive. However, buying a home is a big decision that requires a huge financial commitment. One of the most common questions from would be first time buyers is, “should I rent or should I buy my first home?
It takes more than looking at your mortgage payment to answer this question. The first steps in buying a house are ensuring you can afford to place at least 5% of the purchase price of the home as a down payment and determining your budget.
Watch this video to learn more, then use the rent or buy mortgage calculators to help you weed through the fees, taxes and monthly payments to help you make a good financial decision.
Rent or Buy Video
Rent or Buy Mortgage Calculator
Have more questions on renting vs buying?
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