Buying vs. Renting

In today's economy, many people are choosing to buy a home rather than rent. In some cases, as little as 5% is required for a down payment, depending on the purchase price. After doing the calculations, it may be more affordable for you to purchase a suite then to rent an apartment. When determining your ability to rent or buy, you will need to compare your monthly expenses in terms of rent vs. taxes and mortgage payments.
You may be surprised to find that rental costs are equal to the monthly investment of home ownership.