Is it better to rent or buy a home in Calgary?
Read our full blog where we cover renting vs buying | https://www.repcalgaryhomes.ca/blog/rent-or-buy.html
Welcome to the mortgage minute with Renee Huse of MMG Mortgages and the Spire Mortgage team.
The rent vs buy conversation in Calgary is certainly not something “new” on the scene in 2021. Clients ask on a regular basis if we think it’s a good time to buy or if they should keep renting. In the past 5 years in Calgary, we’ve seen reasonable vacancy rates and market rents have been affordable. Because of this, finding a great accommodation to rent hasn’t been a difficult task in Calgary and lots of newcomers to the city have chosen to rent instead of buy. But, the question to ask is, “What is the best for your long term financial goals?”
We asked the talented team at Spire Mortgage to give us low down on renting vs buying, they ran us some numbers on a single family home in Calgary.