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Marioo1991 · 05-28-2010, 12:48 PM

Whats everythings thoughts on the pros/cons?

Generally with rent being less than it costs to pay for the same property's mortgage (assuming 0 down), you could essentially take that extra money and invest it in RRSP/TFSAs...

I've heard some argue that buying a house is the best investment you can make, but I've heard some argue that if you take the extra money you would save by renting you could invest it and be in a better position in the long run.

I think it all depends on factors such as interest rates, direction of the stock and real estate markets, etc..

05-28-2010, 12:48 PM	#1
Marioo1991 RS.net, where our google ads make absolutely no sense! Join Date: Apr 2002 Location: vancouver Posts: 995 Thanked 126 Times in 59 Posts Failed 28 Times in 13 Posts	Renting vs. Owning Whats everythings thoughts on the pros/cons? Generally with rent being less than it costs to pay for the same property's mortgage (assuming 0 down), you could essentially take that extra money and invest it in RRSP/TFSAs... I've heard some argue that buying a house is the best investment you can make, but I've heard some argue that if you take the extra money you would save by renting you could invest it and be in a better position in the long run. I think it all depends on factors such as interest rates, direction of the stock and real estate markets, etc..