In today’s uncertain economic environment, renting may be a more appealing financial option than owning a home. This is especially true in large urban centers such as Toronto or Vancouver, where home values have appreciated to levels that make it difficult for first-time buyers to afford.
The 'new math' of homeownership: Higher interest rates may make renting more appealing
Drawbacks: Elevated borrowing and maintenance costs, job insecurity, projected lower values
CoStar Analytics
May 23, 2025 | 5:24 P.M.
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