Renting Vs Owning

Renting vs Owning Working with a client now who originally was referred to me to help find a rental. After an initial consultation, I asked if they considered Buying vs Renting. They did not feel they qualified to buy which is a Very common assumption, but often incorrect. Right off the bat, many of the documents I will need to collect for a rental application and mortgage application are the same... so almost the same initial time and energy to apply: Application ID Letter of Employment Paystubs NOA T4 T1 Bank Statements In General... For renting you will require first and last month's rent deposit, tenant insurance, utilities, monthly rent. For owning you will require 5-20% down payment, monthly mortgage payment, property tax, insurance, utilities, household repairs. House prices are significantly cheaper right now and it's a BUYER's Market. Many properies I can send you are under $500k in the GTA! There are companies that will lend you money towards a Down Payment, Government Programs for first time buyers and down payment assistance. RSP Loans that can be used for down payment... and other strategies I can present you. Dm me today to discuss your options to Own vs continuing to rent.