Quote:
Originally Posted by Axeman
Again depends on the market. Your saying there is only a $200 gap up for the mortgage over rent where as the articles we provided show its closer to min of $800 and in the case of a city like Vancouver the gap is $1700 a month before the extra expenses of owning like prop taxes and insurance.
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Yo dude! I pay property taxes, ins and all that too and I know very well about the expenses in Vancouver (which isn't really the largest or most
expensive city in Canada anyways in contradiction to a popular belief of BC people.. quite a few close friends I have in this biz are from there) let me tell you the gap wouldn't be anywhere close to $1700.. $500 to $800 is more like it on average home vs average apartment. Besides scotia bank isn't the biggest bank in Canada probably for reasons
Either way, buying a house ain't no poor man's game who's hardly getting by, it's for people who can afford it and afford it well. When you say investment you should mean investment ie. you got the money to invest not that you barely have an equivalent of rent money to invest
