If you’re ready to put down housing roots and buy a home you can afford, owning has financially speaking worked out well for most Canadians. But despite what your parents may tell you, renting doesn’t always mean you’re just “throwing money away.”
If you’re disciplined with your finances, then renting can be a perfectly good lifestyle choice in the short term, without setting you back financially. For very financially disciplined individuals, renting can even make sense over the long term.
To start to understand when it can make sense, this Preet Banerjee video helps explain some of the variables that can impact your bottom line when it comes to owning, renting and investing.