I still read about people who think it makes sense to rent a Vancouver condo over buying. In the short term 1-2 years, it can make sense.
There were saving advantages to renting 10 years ago when interest rates were at 8%.
However, with our current ultra low interest rate environment where you can lock in a 3 year mortgage at 2.3% and Vancouver rental rates being at all time highs. It makes no sense at all to be renting for longer periods of time. In this video I will explain all the reasons why home ownership should be the first step for most people.
If you want to voice your opinion or get in touch with me, please email me at firstname.lastname@example.org or comment/message me on my YouTube channel.
Thanks for watching!
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VANCOUVER BC HOMES & CONDOS
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Long Term Renting in Vancouver Makes No Sense #buy #RealEstate in #Canada