This is a decision which many people face. With the LOWE Mortgage rates, it is now easier to own than ever before!
As a homeowner, you can reasonably expect the (TAX FREE) Equity in your home to increase over the long term as your mortgage is paid down and prices increase. That, combined with regular appreciation in property values, can be a rapid and rewarding way to increase your net "Tax Free" worth. As You can see, House Prices have more than doubled in York Region since 1997... TAX FREE!
(See Graph Below).
In contrast, the person renting over the same amount of time is left with no property equity or investment at all but may have enjoyed slightly lower living expenses. When comparing owning to renting, you must add up all the figures, including the cost of your home, the down payment, utilities, interest rates (Very Low at this time) and insurance and then compare them with how much you are currently Waisting on rent and how much you are losing every year!
Of course, you must also place a value on the enjoyment and satisfaction that you will derive from owning your own home for you and your children's future. Below is a graph showing the "Tax Free" equity increase of a home since 1997. Also a great retirement plan for your future or your childrens education and so much more!
If You're Tired of Paying your Landlords Mortgage and Throwing your Money Out the Window Renting?
Simply complete the form below to begin the Stress Free Process of finding your Dream Home
