Should I rent or Buy a home, Ontario, Canada?

[joshboodeen]

HEY JAMSHID JAAN KUSSMADAR. KOONY WHY YOU CHANGE YOUR NAME TO JAMES ARE YOU ASHAMED OF YOUR OWN NAME HAHAHAHAHAHA. LEARN HOW TO SPEAK ENGLISH YOU DICK HEAD BEFORE YOU ADVISE PEOPLE ON REAL ESTATE. INSTEAD OF TAKING ANYMORE REAL ESTATE CLASSES GO TAKE AN ESL CLASS OK KHARKUSS

[flagship21]

This real estate market cycle has lasted to long. This is very unhealthy the way things are going in Toronto. Speculator need to be punished.

[teebrron]

suggest renting right now, live in ur parents basement if u can, save ur money n wait till it all goes dwn, than there will b a surplus of homes n the prices will b far more reasonable.

[flagship21]

When will that happen, few people can predict a bottom. We are all brainwash to buy a house.

[Clipper52a]

Real estate is going to tank hard. It is based on natural law of cycles ... quit dreaming bud ...

[yamahonkawazuki]

@Clipper52a aye. when it tanks, then buy prices will be CHEAP. rent in meantime

[charronfamilyconnect]

no tax on capital gains? Who is to say there will be capital gains? Real estate is too inflated right now so there is going to be deflation. Buying I think is risky. If you already own your home outright then that's okay. But if your buying to expect capital gains they you could be fooling yourself. Buying income property is a better way to supplement your retirement. Cashflow is more inportant then capital gains.

[avatar9247]

And if you save the other 1000 $ in long gouvernent bonds with 3% interest you get after 25 jears an amount of 463000 $ Back. Then you can buy your home cash or waste it in a cathouse...