, it seems like the age-old question of renting versus buying is on every prospective homebuyer's mind, yet there never seems to be a clear winner, especially when you account for inflation and location.aims to answer this broadly debated conundrum by examining which Toronto neighbourhoods are more affordable to buy in or rent in.
According to the report, only nine out of 35 Toronto neighbourhoods have average monthly mortgage payments lower than average rent, making renting the most affordable option in 77 per cent of neighbourhoods. Other neighbourhoods where it's more budget-friendly to rent instead of buy include Mount Pleasant, Mimico, Willowdale East, Scarborough Village, Stonegate and Queensway, and Birchcliff.
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