Found 4 blog entries tagged as renting.

When it comes to finding a place to live, you have the option to rent or buy a property. Both choices have their advantages and considerations, and it's important to carefully evaluate your circumstances and preferences before making a decision. In this article, we will explore the pros and cons of renting and buying to help you make an informed choice.

The Pros and Cons of Renting

Pros of Renting

Flexibility: Renting provides flexibility, allowing you to easily relocate or change your living arrangements without the commitment of owning a property.

Lower Initial Costs: Renting typically requires lower upfront costs, as you don't have to make a down payment or cover expenses such as property taxes or maintenance.

Reduced…

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Renters across Canada have been struggling with rising rent costs and wondering how they will be able to save for a down payment while renting. However, with some money management tricks and adjustments to your daily living, you can save for a down payment. It might go slowly, but every little bit helps. Here are some tips to save for a down payment while renting.

1. Make a Budget and Stick to It

Making a budget is the easiest way to make your financial goals happen. When you have a plan for where your money is going, it puts the power back in your hands and gives you an idea of how long it will take to save for a down payment.

To make a budget, write down your monthly income. Then, list your monthly expenses, including your savings goal.…

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woman wondering is it better to buy or rent a home

Is it better to buy or rent a home in today’s sizzling real estate market?

Because the barrier to entry in Canada’s housing sector has intensified over the last couple of years, many prospective homeowners have given up on the dream of homeownership, choosing to maintain their renter status. Even when they save enough for a down payment, the minimum threshold rises because of how rapid price growth is in this environment.

Remember, the national average price for a home in Canada is approximately $820,000.

As a result, many Canadians do not have a choice but to continue renting an apartment from a corporation or leasing a three-bedroom, two-bathroom house from private individuals.

But is this throwing money down the…

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After more than 18 months of working from home, the Canadian workforce is expected to return to offices across the country in some capacity in the near future. This includes new or growing businesses looking to set down roots in a physical workspace for meetings and day-to-day operations.

While there’s been a lot of uncertainty around making long-term office plans during the pandemic, companies are now starting to make decisions about the type of space they need.

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