Step 1: Is homeownership right for you? Renting versus buying: Pros and cons Make a list of all the pros and cons of renting and buying. An example is provided for each option to help you get started. Renting Pros Cons Less maintenance and repairs Monthly payments may increase year after year
Buying
Pros
Cons
Freedom to renovate or modify your home as you wish
The risk of financial loss if your home loses value
Canada Mortgage and Housing Corporation
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25/04/2017
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