Many often face the difficult decision of whether they should rent or buy. It seems that as of recently, most Canadians are leaning towards renting. Why you ask? Well, the answer is simple, renting is simply cheaper than buying. The steep increase in house prices in large Canadian (mainly Montreal, Toronto and Vancouver) cities has made it unaffordable to buy property.
So should Canadians rent rather than buying? There is no one right answer to this question. Interest rates fluctuate, markets vary, each individual needs to work out their own budget and do what's best for them.
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