Is It Better to Rent or Buy?

>>3400016
If you plan on living in the same place for over 3 years, you should buy. If you plan on moving around to try and get better jobs, live in an apartment.

Depends on your situation

pretty sure houses are overvalued right now so you'd be buying at a high

I'll wait for 5 years or so to buy a house

>>3400016
Calculator seems fine. It's all depends on Rent:Property value ratio, Mortage Payment:Rent ratio, how long you will live there (though if rent is high, you can just buy and rent out if you decide to move). Buying is an investment and the costs need to be calculated carefully.

>>3400061
>pretty sure houses are overvalued right now so you'd be buying at a high
While I agree with you to some degree, it depends just how much over valued they are.

if you plan on living their long enough, and can weather any financial storms eventually the prices will climb back up.
Obviously if you buy at a peak and have to sell in 5 years time you might still end up with a loss.

GTA prices are fucking out of this world, it is cheaper to just rent in most circumstances.
I feel like many people buying homes are just speculators trying to cash in in rising home prices and nothing else.

I did some digging around and found a home that was built earlier this year, listed from the builder for 330K, meanwhile the person who bought it has it listed for 480K