Quote:
Originally Posted by Hondaracer
In comparison, just below Burnaby mountain the mortgage on our place is only $1100 a month + utils for a 1000 sq foot 2 bed/2 bath
Obviously the initial down payment is the hurdle, but those rents are more than double the mortgage payments lol
|
Think you're forgetting things like condo fees and property tax which can rack up over $5k/yr. Mortgage also depends on the down payment, not sure if that's an apples to apples comparison.