Canadians Are Paying Big Premiums To Own Instead Of Rent, Shows CMHC Data

Author: External Author | | Categories: Mortgage Broker , Private Mortgages , Real Estate , Real Estate Sales , Residential Real Estate

Households in Canada’s largest real estate markets are big premiums to own. Canada Mortgage and Housing Corporation (CMHC) analysis shows the gap between the cost of owning and renting in 2020. Carrying costs in the largest market are now almost double that of paying rent. That isn’t a general rule though, with some markets cheaper to own than rent.

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Original Article Source Credits:   Better Dwelling ,

Article Written By:  Stephen Punwasi

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  • Mortgage Agent Prince George
  • Mortgage Agent Prince George