, people in some parts of the region may be even more likely to buy at this point than rent.
The research focused specifically on condominium apartments, contrasting the average rent price per month for a condo against the average monthly mortgage payment for a condo .Mississauga and Oshawa both have conditions in place for a market where buying will cost you less per month than renting would, if you already have a downpayment in hand.
The gap between rent and mortgage prices jumped even higher for Oshawa, where the average condo rent is $1,787 and the average mortgage would be $1,529 — a difference of more than 14 per cent.
Home owners insurance, property taxes, commute costs, condo fees...I do not see the column for those? Add at least another 1K to the 'owning' side. It's like the condo developer in those areas paid for this ad?
You are giving bad advice. Now is not the time to buy with prices rapidly declining. Until the rate increases settle, sit and wait. Ok Millenial blogger?